Streets Ahead

Genworth Homebuyer Confidence Index
September 2012 | Fifth Edition

Australians

think it's a good time to buy: nearly half of Australians believe now is a good time to buy a home, a 10% increase from March 2012

New South Wales

is the state with the lowest affordability

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Queensland

is the most positive of the states with 54% of respondents agreeing now is a good time to buy

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South Australia

saw a 3.3% increase in the Genworth HCI, the second highest among the states, to 99.4 and South Australians are among the least likely to have experienced mortgage stress in the past year

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Tasmania

is the only state to experience a decline in confidence, driven by a decrease in Tasmanian borrowers expectations about their ability to make repayments over the next 12 months from (down from 81% to 78%)

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Victoria

saw the largest increase in confidence, up 7.7% from a low of 92.3 in March 2012, overtaking New South Wales and Queensland

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Western Australia

had the smallest increase in confidence but remains the most confident overall. Its borrowers were the least likely to have experienced, or expected, difficulty meeting repayments in September 2012

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First homebuyer

confidence decreased slightly by 0.5% bringing it in-line with national confidence

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