1 in 10 cant get finance?

Discussion in 'Loans & Mortgage Brokers' started by tobe, 11th Apr, 2016.

Join Australia's most dynamic and respected property investment community
  1. tobe

    tobe Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,814
    Location:
    Melbourne
    tobe, 11th Apr, 2016
    #1
  2. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    3,980
    Location:
    Canberra, Brisbane and Sunshine Coast
    I'd assume it's higher than 1 in 10!

    But then again - most brokers on here would be dealing with multiple property ownership as opposed to a first/once off purchase.

    Cheers

    Jamie
     
    Jamie Moore, 11th Apr, 2016
    #2
    Terry_w likes this.
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,983
    Location:
    Australia wide
    I would have thought it much more than 1 in 10.
     
    Terry_w, 11th Apr, 2016
    #3
  4. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    Probably people thinking they're smart enough to go banks directly?
     
    D.T., 11th Apr, 2016
    #4
  5. euro73

    euro73 Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,129
    Location:
    The beautiful Hills District, Sydney Australia
    It's only been 8 or 9 months since the changes.... these ratio's/percentages will increase as more time passes.
     
    euro73, 11th Apr, 2016
    #5
  6. tobe

    tobe Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,814
    Location:
    Melbourne
    Maybe the other 9 haven't applied for finance over the last year.
     
    tobe, 11th Apr, 2016
    #6
    Rugrat likes this.
  7. Johann_

    Johann_ Well-Known Member

    Joined:
    1st Jun, 2017
    Posts:
    374
    Location:
    Melbourne
    lol I think this is a stat that has no substance... I know plenty of customers who can't even borrow more so there is no need to apply for a loan at all.
     
    Johann_, 11th Apr, 2016
    #7
  8. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    Correct....this is a bit misguided...I have not hit that wall yet or rent reliance everyone talks about even though rents are now 2.5 times income.

    You have to be creative an never take no for an answer.
     
    sash, 12th Apr, 2016
    #8
  9. Johann_

    Johann_ Well-Known Member

    Joined:
    1st Jun, 2017
    Posts:
    374
    Location:
    Melbourne
    I agree being creative is the KEY.
     
    Johann_, 12th Apr, 2016
    #9
  10. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,572
    Location:
    Sid en e - olympic city
    deposits are the challenge IMO, many people do not explore all options or accept when they get told - can't do anything more.
     
    dabbler, 12th Apr, 2016
    #10
Free Property Depreciation Calculator

Property Investors! Ready to Pay Less Tax? Estimate how much Property Depreciation you can claim on your Investment Property. Washington Brown's calculator is the first calculator to draw on real properties to determine an accurate estimate.