In the last two years, property buying has been booming. The pandemic pushed property prices up rapidly which, when coupled with record-low interest rates, saw borrowers rush to get onto the property market. But as rates start to increase for the first time in 11 years and the cost of living rises, the affordability of Australian housing is starting to bite. We take a look at the affordability problem, and how brokers are primed to help borrowers navigate it
11.4 years; that’s how long it now takes to save for a deposit. The shocking new stat came in the latest ANZ CoreLogic Housing Affordability Report – released earlier this year – which found that the median time required to save a 20 per cent deposit has risen by 2.2 years since the COVID-19 pandemic took hold in Australia.
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Annie Kane is the managing editor of Momentum's mortgage broking title, The Adviser.
As well as leading the editorial strategy, Annie writes news and features about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape.
She is also the host of the Elite Broker, New Broker, Mortgage & Finance Leader, Women in Finance and In Focus podcasts and The Adviser Live webcasts.
Annie regularly emcees industry events and awards, such as the Better Business Summit, the Women in Finance Summit as well as other industry events.
Prior to joining The Adviser in 2016, Annie wrote for The GuardianAustralia and had a speciality in sustainability.
She has also had her work published in several leading consumer titles, including Elle (Australia) magazine, BBC Music, BBC History and Homes & Antiques magazines.
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
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