THE GENWORTH FINANCIAL
MORTGAGE TRENDS REPORT

The Genworth Financial Mortgage Trends Report provides a key insight into the dynamics of the Australian mortgage and property markets, and focuses on property ownership, entry into the property market, mortgage debt and consumers' plans for the future. Based on a survey of more than 2,000 adults and produced annually in conjunction with a leading research firm, the Report highlights emerging trends as seen from a consumer perspective.

2008 GENWORTH FINANCIAL MORTGAGE TRENDS REPORT

Highlights from the report include:

• The desire to own property in Australia is as strong as ever. However, declining housing affordability, growing financial pressures and spiralling rental prices are making it more difficult.
• Proportion of respondents who anticipate mortgage repayment problems has steadily increased over the past two years from 15% in 2006 to 18% in the 2007 survey. In 2008 however, there is a considerable increase to 27%.
• For those looking to get into the property market, housing affordability is still a major barrier, with many citing that rental price increases are making it difficult to save the deposit required to buy a property at already high prices.

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GENWORTH FINANCIAL SPOTLIGHT SERIES

Our Spotlight Series has been designed to highlight some of the current issues affecting the mortgage industry, offering insight and commentary into some emerging trends across our various markets.

Click on the below links to read one of our Spotlight Series.

MANAGING MORTGAGE STRESS

GENERATION Y - PROFILE OF THE NEW GENERATION

LOW-DOC LENDING IN AUSTRALIA

MANAGING FRAUD IN THE MORTGAGE MARKET

FIRST HOME BUYERS