Mortgage Trends Report

The Genworth Mortgage Trends report provides unique and comprehensive insights into the changing attitudes of Australians regarding the mortgage and property market. Based on an annual survey of over 2,000 consumers, the report focuses on property ownership, entry into the property market, mortgage debt and consumers' plans for the future.

The 2009 Mortgage Trends Report

Key themes emerging from this report include the impact an uncertain job market is having on consumers perceived ability to pay their mortgage in the year ahead, with 13% of borrowers having less than one month's mortgage repayments in reserve in the event they lose their job. The report also reveals the success of the government stimulus package, with 24% of recent first home buyers bringing forward their purchases to take advantage of additional grants.

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The 2007 Mortgage Trends Report

Declining housing affordability is driving consumers to look for non-standard mortgage products - especially those with low or no deposit required. One in eight first home buyers taking out loans in the last four years had little or no deposit. Despite renewed confidence, housing affordability is still a big concern for many non-property owners with 51% wanting to enter the market in the next 12 months and only 16% believing that they will be able to do so.

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The 2006 Mortgage Trends Report

While overall property ownership levels have increased to 69% of respondents, significant hurdles exist for those not yet on the property ladder. Saving for a deposit is the biggest barrier to entry, which is driving the trend towards higher LVR mortgages. Of those surveyed, more than 60 per cent indicated that they would either use or consider using a product with an LVR of 100%.

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