Aussie Home Loans CEO James Symond says there is a “position of growth” in the real estate finance sector even as other sectors feel acute effects of COVID-19.
“We went out there and hired an extra 200 mortgage brokers for the demand that we saw was going to happen, which did happen,” he told Sky News. This comes off the back of interest rates hitting an all time low of 0.1 per cent by the RBA, and Mr Symond says now is the time to buy a house. “In over 50 per cent of cases, it is cheaper to buy a property, to get a mortgage, than it is to rent, and that’s been driving a lot of buoyancy.
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