Genworth’s Homebuyer Confidence Index report, Streets Ahead, is released biannually and outlines the changing attitudes and confidence levels of Australian Homeowners and Non-Property Owners about their mortgage and the overall property market.
Streets Ahead: Edition 9 – September 2014
Genworth’s Homebuyer Confidence Index rises to 98.1 in September from 90.8 in March 2014.
Some of the highlights include:
- Homebuyer confidence is up in all states driven by 13 months of historically low interest rates
- Homeowners experiencing mortgage stress has almost halved
- First Homebuyer confidence increases to 98.4 in September, up from 82.3 in March 2014
- One-third of Australian households cite affordability as a barrier to homeownership.