1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Refinancing a consideration for investors in 2012

April 02, 2012

Research from LJ Hooker has shown that 46 per cent of first home owners who entered the market less than two years ago are looking to refinance.

The survey conducted by Galaxy Research* on behalf of LJ Hooker Finance found that more than one in five (22 per cent) of those active in the property market were looking to refinance their home loan in the near future.


Of those planning to refinance their home loans, 20 per cent cited interest rates as their primary concern, with a further 17 per cent needing to refinance to consolidate their debts. Twenty-eight per cent of all home owners stated that they tracked spending through a strict budget. Almost half (42 per cent) claimed they were living within their means but felt that an unexpected large bill would put pressure on their finances.

 

However, not all new home owners are worried about their financial future. Almost one third, 32 per cent, of those looking to refinance were hoping to purchase a second, or investment, property.


A lot can happen to an investor’s living and financial circumstances over the years. Property owners should aim to meet with their broker or lender every twelve months to ensure that their loan product still suits their needs.


*Galaxy Research conducted on behalf of LJ Hooker Finance in September 2011. The study was conducted among 1017 Australians, aged 18-64 years and over who were active in the property market.

Latest Articles

What is title insurance?

Purchasers often think the property is theirs once settlement is completed. But this is not the ...
read more

Capital gains slow but market still grows

So how is the market travelling? According to LJ Hooker’s recently released Open Market ...
read more

So who is the modern-day RentvestorTM

Since the Rentvestor™ trend emerged in 2013, LJ Hooker has been keenly tracking the evolution ...
read more

LJ Hooker is the digital leader

At LJ Hooker, we’re very proud to announce that we’re the industry’s digital ...
read more

Light the way

The Block judge Darren Palmer gives his tips for lights in renovations. Use natural light to your ...
read more

3 things you need to know as a property investor

Knowledge is important Entering the world of investment property is certainly exciting, but ...
read more