75pc 'easily' making mortgage repayments: survey
11/02/09 04:39 PM
A survey has
found Australian households are coping well with
the effects of the global economic downturn.
The survey by the Mortgage and Financial Association of Australia has found 75 per cent of mortgage holders are easily making their home loan repayments.
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The survey by the Mortgage and Financial Association of Australia has found 75 per cent of mortgage holders are easily making their home loan repayments.
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There has
also been a 3 per cent increase in the number of
people considering taking out a home loan.
The association's chief executive Phil Naylor has told ABC Radio that the boost in borrower confidence is not just being driven by lower interest rates.
"We've seen fuel prices fall, we've seen the Government's introduction of the [higher] first home buyers' grant, which has been of assistance, and we're also seeing in some of our research that there's an expectation that housing prices will fall," he said.
The association's chief executive Phil Naylor has told ABC Radio that the boost in borrower confidence is not just being driven by lower interest rates.
"We've seen fuel prices fall, we've seen the Government's introduction of the [higher] first home buyers' grant, which has been of assistance, and we're also seeing in some of our research that there's an expectation that housing prices will fall," he said.