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The Ultimate Truth about Housing Affordability The Ultimate Truth about Housing Affordability The Ultimate Truth about Housing Affordability There have been many headlines decrying an "affordability crisis" in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means.Lenders’ price war heats up despite bank rate rise Lender’s interest rates rise despite RBA hold. Their awards comparison also showed that only 27% of Tasmanians have a rate above 4%, compared to 63% of mortgage holders from Northern Territory. Tasmanians are also fiercely loyal to their banks with 91% saying they would not consider switching.The Ultimate Truth about Housing Affordability by The KCM Crew on May 30, 2019 in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers. Are you a Bridge Builder? If so, log in to share a personalized version of this post.
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/u/Tommyaka on Anyone think we’ll see variable home loan rates below 3% by the end of this year? Why/why not? LVR is calculated by dividing the amount of your home loan by the value of the property we have as security like this: So now you know how an LVR is calculated, but remember, the value of a property may differ from the purchase price which will affect how much ANZ will lend you. Talk to your ANZ home loan coach for more information.
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