Rebecca Pike| Australian Broker| 16 August 2018 https://www.brokernews.com.au/news/breaking-news/fintechs-fill-the-void-left-by-commission-253731.aspx intechs are filling the gap in SME lending as the big four banks concentrate on the fallout from the royal commission, according to one online lender. The fintech commercial lending space opened up in around 2013 and since then has reported an annual growth rate of around […]
[...]Annie Kane| The Adviser| 17 August 2018 https://www.theadviser.com.au/breaking-news/38145-tightening-of-credit-not-an-overreaction-rba The governor of the Reserve Bank of Australia has conceded that the royal commission has affected the supply of credit, but added that he does not think the lenders’ tightening of policy has been an “overreaction”. Speaking at the House of Representatives Standing Committee on Economics on […]
[...]Richard Wakelin| Australian Financial Review| 21 August 2018 https://www.afr.com/personal-finance/how-property-investors-can-cash-in-on-the-firsttime-home-buyer-surge-20180820-h147ii Simplicity is often the hallmark of successful investors. They take an approach to asset selection that, in hindsight, can seem obvious and unremarkable. But they of course have other talents, not least the courage to act quickly and decisively when they see an opportunity. Property investment […]
[...]Duncan Hughes| Australian Financial Review| 2 August 2018 https://www.afr.com/business/banking-and-finance/financial-services/anz-slashes-variable-home-rates-by-34-basis-points-in-new-move-to-boost-buyers-20180802-h13gfx ANZ, the nation’s third largest lender, has slashed variable rates on its “no frills” home loan by 34 basis points to 3.65 per cent in the latest move by a big lender to stimulate flagging demand and build market share. The move has surprised a market […]
[...]Remember the days when borrowers were eagle-eyed to rate changes on the first Tuesday of the month? Now, the interest rate world is very different. Two years ago, whenever the Reserve Bank met and changed rates, the banks pretty-much said they would pass them on immediately. Now, it seems to be almost every day that […]
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‘The heavy lifting has been done’ according to APRA and the banks’ lending practices are now on a sounder footing. · With many of APRA’s speed bumps now removed, does that mean that there will suddenly be a property boom? Unlikely · Will the banks continue to ask borrowers rigorous questions for a loan application? […]
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