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HSBC

HSBC. Winter Home Loans, 2014. 9 th of July 2014. Summary of ABS Statistics. In trend terms, there are slight increases across the board in the total value of dwelling finance (0.4%); investment housing commitments (0.5%) and owner occupied housing commitments (0.4%).

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HSBC

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  1. HSBC Winter Home Loans, 2014 9th of July 2014

  2. Summary of ABS Statistics • In trend terms, there are slight increases across the board in the total value of dwelling finance (0.4%); investment housing commitments (0.5%) and owner occupied housing commitments (0.4%). • There are also increases in the number of owner occupied housing finance (0.1%), construction of dwellings (1.1%) and purchase of established dwellings (0.1%). • Commitments for the purchase of new dwellings fell (-1.3%). • In original terms, first home buyer commitments (as a % of total owner occupied housing finance commitments) fell 0.3% in April (from 12.6%) compared to March. • To download the actual statistical report. • For April 2014 HSBC Winter Home Loans 2014

  3. More Australians being excluded from the housing market • A clear long term trend over the last 12 years has shown that a growing portion of Australian households (from 18 to 16 per cent) are being excluded from the housing market and do not own or intent to own their own home/an investment property. • A multitude of factors can be attributed to this development including the decline in the number of households intending to purchase, a decrease in the demand for credit, moment easing on house prices and the growth of rental dwellings. • June 2014 HSBC Winter Home Loans 2014

  4. First home buyers at record low • First home buyer loans have plunged to a record low (which was set last November); while investor loans have grown as first homers continue to lose ground to investors in Australia’s vexing property market. • Part of the significant decrease has been in reaction to state governments scrapping the first home buyer grant for existing dwellings, thus pushing first homers into purchasing newly built homes. • The market is seen to be dominated by investors and upgraders/downsizers. The expectation is that the loan market will remain flat due to the reaction to the federal budget, and generally weaker consumer confidence levels. • June 2014 HSBC Winter Home Loans 2014

  5. Small banks rule customer satisfaction • A Roy Morgan consumer survey has found that consumer satisfaction with banks is at a record high of 82 per cent (Unchanged between April and May). • Commonwealth bank and Nab recorded the highest scores with 82 per cent while National Australia Bank reached 80.7 per cent. • What is interesting is that all of the major 4 banks mortgage customers have lower satisfaction levels compared to their non-mortgage customers. • Even more interesting is the fact that almost all smaller banks have a rating higher than the rating of Commonwealth bank (some even getting up to 90%) and building societies rate even higher (up to 94.5%). • June 2014 HSBC Winter Home Loans 2014

  6. Chinese/Asian investors • Favoredinvestment destination • Love sinking money into reliable assets like property, and Australia is only second the states as the most profitable place to invest. • Top 1% of the country, investment to bypass regulation in China • Long-term planning for retirement • March 2014 HSBC Winter Home Loans 2014

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