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ACT borrowers do four times as much research

21 March 2014 Staff Reporter

An online comparison site has claimed that ACT borrowers are the most educated, and has labelled Northern Territorians 'least interested'.

According to finder.com.au, those in the Australian Capital Territory are the savviest when it comes to comparing home loans online, with more people per capita searching for home loans online than any other state.

However, borrowers in the Northern Territory were the least likely to research the home loan market online and had the least amount of home loans financed per capita in January 2014.

Michelle Hutchison from finder.com.au said educated borrowers were likely to be saving more on their home loan.

“It’s great to see so many borrowers in the ACT taking advantage of the home loan market by comparing lenders online, as they probably know more about home loans and are more aware of the deals on offer," she said.

“Those in New South Wales and Victoria followed behind the ACT, to be the second and third most savvy home loan shoppers.

“However, borrowers in other states are clearly not as savvy, with Northern Territorians the least interested, followed by Tasmanians. In fact, those in the ACT showed almost four times more interest in comparing home loans than Northern Territorians.”

ACT borrowers do four times as much research
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