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Home Loan applicants fly solo!
March 02, 2007
1:58:33 PM (1434 Reads)
Less Australians are buying property with a partner and more are buying on their own, despite the much-publicised low housing affordability levels, according to a survey by Mortgage Choice.
The nationwide mortgage broker's national corporate affairs manager, Warren O'Rourke says the trend is most likely influenced by Australians taking longer to commit to a lifelong relationship.
"Traditionally, the next step after committing to a steady relationship with your partner - was buying a property"' he says.
Over a third of the home buyers-to-be (35.8%) will buy on their own while 56.1% will buy with a partner. This compares to 76.2% of those who purchased a home within the last two years buying with their partner and only 17.6% buying on their own.
"It seems the future will bring a remarkably different home loan applicant when it comes to home buyers. We are curious to see the affect this will have on housing development over the long term," says O'Rourke.
This information is brought to you by http://www.mortgagebroker.com.au . Our aim is to educate you the Australian consumer in the home loan process. Enjoy!
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