RBA to hold in December: HashChing survey

RBA to hold in December: HashChing survey
RBA to hold in December: HashChing survey

A HashChing survey has found that 91 percent of broker believe interest rates will remain on hold in December.

Just five percent are expecting a drop.

A positive 83 percent of brokers surveyed suggested they don't believe the real estate bubble will burst in the next 12 months.

Nearly 65 percent of brokers said they believe most Australians are 100 percent truthful on their home loan applications, while 70 percent say that more than half of Australian homeowners request a lower interest rate when applying for a home loan.

One of the most standout figures in the survey was that over 63 percent of brokers don't think recent moves to moderate lending to investors and interest-only buyers has helped make property more accessible for first home buyers in Sydney and Melbourne.

HashChing coo Siobhan Hayden said that this month's survey results indicate that brokers are reasonably confident in the stability of the Australian housing market, and will be for the foreseeable future.

"This is despite the majority thinking that recent moves to make property more accessible for first home buyers are failing.

"Interestingly, the majority of Australian borrowers are asking for a lower interest rate when applying for home loans.
 
"This indicates that despite the industry's recent digital disruption, brokers continue to play a pivotal role when it comes to negotiating adequate and fair deals for homeowners," she said.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Rba Rate Decision Rba Insights

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