• 21/01/2021

Category: Articles

Why changes to Responsible Lending wont have the impact either side claim.

Why changes to Responsible Lending wont have the impact either side claim.

“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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Could household debt levels be a trigger for another round of credit tightening?

Could household debt levels be a trigger for another round of credit tightening?

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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Australia’s lending laws are overdue for an overhaul

Australia’s lending laws are overdue for an overhaul

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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Declining mortgage rates expected to continue: RBA

Declining mortgage rates expected to continue: RBA

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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Responsible lending removal: the pros and cons

Responsible lending removal: the pros and cons

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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We’re back to pushing up housing prices as economic policy

We’re back to pushing up housing prices as economic policy

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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Stamp Duty Changes Good for Property?

Stamp Duty Changes Good for Property?

‘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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Why, despite the coronavirus pandemic, house prices continue to rise

Why, despite the coronavirus pandemic, house prices continue to rise

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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Buyers return to the housing market

Buyers return to the housing market

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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Home loans surge by 12.6 per cent in August

Home loans surge by 12.6 per cent in August

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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