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Million ready to brave the housing bubble (Australia)

Nearly a million Australians say they will defy talk of a dangerous housing bubble and plunge into a residential property investment in the next year.

Thursday, November 06th 2003

The housing boom - already worrying economists and the Reserve Bank - is expected to be further fuelled by this explosion - largely by "streetwise" baby boomers.

A Nielsen survey, commissioned by the non-bank lender Wizard Home Loans, found more than 860,000 people intended to invest in property, nearly three times the 246,000 who had such plans in 2000.

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Unity First Home Buyer special 3.95
SBS FirstHome Combo 3.99
TSB Special 4.49
ICBC 4.49
Co-operative Bank - First Home Special 4.49
Unity Special 4.49
Kiwibank Special 4.49
SBS Bank Special 4.49
BNZ - Std 4.59
Co-operative Bank - Owner Occ 4.59
Kainga Ora 4.59
Unity Special 4.89
ICBC 4.89
BNZ - Std 4.89
Kiwibank Special 4.89
Kainga Ora 4.95
China Construction Bank 4.95
TSB Special 5.09
ASB Bank 5.09
SBS Bank Special 5.09
Nelson Building Society 5.09
AIA - Go Home Loans 5.09
Westpac Special 5.59
ICBC 5.65
Kainga Ora 5.69
TSB Special 5.69
SBS Bank Special 5.69
AIA - Go Home Loans 5.69
ASB Bank 5.69
BNZ - Std 5.79
Kiwibank Special 5.79
Co-operative Bank - Owner Occ 5.89
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank Special 5.65
Kiwibank 5.65

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