“Old generals always fight the previous war” goes the old adage – many of the old arguments are being rolled out by both sides in the proposed changes to Responsible Lending rules. But, as we…
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Tim Lawless| Corelogic| 18 November 2020 https://www.corelogic.com.au/news/could-household-debt-levels-be-trigger-another-round-credit-tightening?utm_medium=email&utm_source=newsletter&utm_campaign=20201123_propertypulse&utm_content=pp_blog%20 Australian household debt levels have increased substantially over the past thirty years, with the ratio of household debt to annual disposable income rising from 68% in June 1990…
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Anna Bligh| Sydney Morning Herald| 25 November 2020 https://www.smh.com.au/business/banking-and-finance/australia-s-lending-laws-are-overdue-for-an-overhaul-20201125-p56hq8.html They say a week is a long time in politics. If that’s true – eleven years is an eternity. That’s how long it’s been since the…
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Annie Kane| Mortgage Business| 25 November 2020 https://www.mortgagebusiness.com.au/breaking-news/15166-declining-mortgage-rates-expected-to-continue-rba The average mortgage interest rate paid by households is expected to continue to decline “for a while yet”, according to the central bank. Speaking at the Australian…
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Annie Kane| Mortgage Business| 23 November 2020 https://www.mortgagebusiness.com.au/breaking-news/15153-responsible-lending-removal-the-pros-and-cons The proposal to overhaul responsible lending obligations has been met with mixed reaction, with many welcoming its ability to speed up the flow of credit while others…
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Michae Pascoe| The New Daily| 4 November 2020 https://thenewdaily.com.au/finance/2020/11/04/michael-pascoe-housing-prices/ The first lesson this week was that when offered cheap money, a significant number of Australians will rush to buy residential real estate, recession or not.…
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‘Be careful what you wish for’ goes the old adage. Nowhere is the more true than in proposed changes to Stamp Duty which may have huge impacts on the way the property market operates. Changes…
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https://www.economist.com/finance-and-economics/2020/09/30/why-despite-the-coronavirus-pandemic-house-prices-continue-to-rise The Economist| 30 September 2020 During the global recession a decade ago, real house prices fell by an average of 10%, wiping trillions of dollars off the world’s largest asset class. Though the housing market…
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https://www.afr.com/property/residential/buyers-return-to-the-housing-market-20201020-p566pa Mirana Ward| Australian Financial Review| 20 October 2020 Residential sales nationally are outpacing fresh listings of properties for sale as buyers take advantage of low mortgage rates, one of several indicators pointing to a rebound…
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Steven Deare| The New Daily| 9 October 2020 https://thenewdaily.com.au/finance/property/2020/10/09/home-loans-august/ More Australians are seeking to buy a property while interest rates remain at historically low levels, sending new home loan commitments surging. Home buyers took advantage…
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