Streets Ahead : Streets Ahead Edition 12
The Genworth Homebuyer Confidence Index (HCI) is based on five components: • The proportion of monthly income used to service debts • The maximum loan-to-value ratio (LVR) borrowers are comfortable borrowing • Repayment history over the last 12 months • Repayment expectations over the next 12 months • Whether now is considered a good time to buy a home. About the Genworth Homebuyer Confidence Index This report is based on an online survey of 2010 Australians conducted in March 2016. Survey respondents were sourced from a panel of individuals who have signed up to participate in online surveys. Respondents are nationally representative according to age, gender and state or territory. The sample consisted of: In addition to the survey data collected from respondents across Australia, this edition of the Genworth Streets Ahead report includes insights collected from interviews with a number of key industry figures. Those interviewed include: • John Arnott – Executive Director, Customers, ING Direct • Tim Brown – Chief Executive Officer, VOW Financial • Steve James – Chief Executive Officer, Teachers Mutual Bank • Nathan McMullen – Head of Product and Digital, RAMS at Westpac Group • James Symond – Chief Executive Officer, Aussie Home Loans. Definitions of types of respondents referred to in this report Methodology Streets Ahead | Genworth Homebuyer Confidence Index - March 2016 2 First Homebuyer (FHB): Someone who purchased their first property to live in (with a mortgage) in the last 12 months First Time Investor: Someone who purchased their first property (with a mortgage) in the last 12 months but does not live in the property Mortgagor: Someone who has had a mortgage for over 12 months (does not include FHBs or First Time Investors) Homeowner: Someone with a mortgage, including FHBs, First Time Investors and Mortgagors Prospective FHB: Someone who intends to buy their first property in the next 12 months Non-Property Owner: Someone who does not currently have a mortgage on a property or own property (includes Prospective FHBs).
Streets Ahead Edition 11