• April 3, 2020

Category: Articles

Credit curbs in sight as housing rebound accelerates

Credit curbs in sight as housing rebound accelerates

Charbel Kadib| Mortgage Business| 3 September 2019 https://www.mortgagebusiness.com.au/breaking-news/13765-credit-curbs-in-sight-as-housing-rebound-accelerates Regulators could consider a fresh round of macro-prudential measures to keep debt levels at bay, according to one analyst, amid the growing possibility of a “V-shaped” recovery…

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Net arrivals close to 300,000 per annum

Net arrivals close to 300,000 per annum

Pete Wargent BlogSpot| 11 September 2019 https://petewargent.blogspot.com/2019/09/net-arrivals-close-to-300k-per-annum.html For the first time in a while there was a decrease in the rolling annual number of permanent and long-term arrivals into Australia, at 844,680 (up from 818,480…

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The sleeper issue that could be a nightmare for banks

The sleeper issue that could be a nightmare for banks

Elizabeth Knight| Sydney Morning Herald| 5 September 2019 https://www.smh.com.au/business/banking-and-finance/the-sleeper-issue-that-could-be-a-nightmare-for-banks-20190904-p52nxm.html?fbclid=IwAR1-l_n0GX76pGccwj4CkS-ahEmlWJVW8UmPsIccXUXHk0FrqSPMRa6V2DQ The application of the proposed ‘best interest duty’ for mortgage brokers could be the sleeper issue that raises the bar on bank competition, and eats away…

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DTI lending caps touted as future credit curbs

Charbel Kadib| Mortgage Business| 20 September 2019 https://www.mortgagebusiness.com.au/breaking-news/13822-debt-to-income-lending-caps-touted-as-future-credit-curbs?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin20_09_19&utm_medium=email&utm_content=1 Regulators could move to set caps on loan volumes for borrowers with high debt-to-income ratios if the housing market recovery continues to accelerate, according to analysts. Over…

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New credit laws could see homeowners pocket extra $40,000

Anastasia Santorenos| Yahoo Finance| 18 September 2019 https://au.finance.yahoo.com/news/new-credit-laws-to-see-homeowners-pocket-extra-40000-015323644.html Australian homeowners could now save around $40,000 over the course of their mortgages under new credit reporting laws introduced by the federal government. The laws, which were…

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Credit curbs in sight as housing rebound accelerates

Charbel Kadib| Mortgage Business| 3 September 2019 https://www.mortgagebusiness.com.au/breaking-news/13765-credit-curbs-in-sight-as-housing-rebound-accelerates Regulators could consider a fresh round of macro-prudential measures to keep debt levels at bay, according to one analyst, amid the growing possibility of a “V-shaped” recovery…

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ASIC to appeal “steak and shiraz” ruling

Melanie Mingas| Australian Broker| 11 September 2019 https://www.brokernews.com.au/news/breaking-news/asic-to-appeal-steak-and-shiraz-ruling-266153.aspx ASIC has filed an appeal with the Full Federal Court of Australia after its responsible lending case against Westpac was dismissed during court proceedings last month. The…

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Mini housing boom will run out of steam: UBS

Su-Lin Tan| Australian Financial Review| 16 September 2019 https://www.afr.com/property/residential/why-the-housing-mini-boom-won-t-last-20190916-p52rqi The current housing mini-boom triggered by two rate cuts will run out of steam, according to UBS. Weak credit growth, little pick-up in new housing development…

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Sydney median house price rises in June quarter

Sydney median house price rises in June quarter

Michael Bleby| Australian Financial Review| 17 September 2019 https://www.afr.com/property/residential/sydney-median-house-price-rises-to-875-000-20190917-p52s44 Sydney’s median house price rose to $875,000 in the June quarter, marking the first increase in a year as buyers returned to the market after the…

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What’s happening with lending standards?

Pete Wargent BlogSpot| 13 September 2019 https://petewargent.blogspot.com/2019/09/whats-happening-with-lending-standards.html A bit of interesting chit-chat on the Twitter today concerning whether mortgage lending standards are looser, or tighter…or neither of the above. On the one hand, the minimum…

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