• 24/10/2021

Category: Regulatory Changes

Why Todays Announcement Won’t Impact the Property Market that Much

Why Todays Announcement Won’t Impact the Property Market that Much

After a record-breaking year of property growth, the regulator has announced limitations on how much the banks can lend.  Accredited Broker believes that this will have a minimal impact. In an effort to stop stellar…

How stamp duty is keeping houses off the market

How stamp duty is keeping houses off the market

Michael Bleby| Australian Financial Review| 1 October 2021 https://www.afr.com/property/residential/how-stamp-duty-is-keeping-houses-off-the-market-20210930-p58w9x Rising stamp duty costs have contributed to a drag on the amount of housing stock coming to the market over the past 13 years, new research…

“It is important that lending standards are maintained”

“It is important that lending standards are maintained”

The Australian housing market recorded its fastest annual growth since April 2004 and there is even a spark of life in the investor market – is this good news or bad? Over the past 12…

Get your diploma before you get cut-off

Get your diploma before you get cut-off

Many brokers risk being cut off if they have not completed their mortgage broking diploma. Recent legislative changes mean brokers who want to obtain the diploma will be required to complete the new Diploma of…

The reason why we are talking about a lender crackdown is to avoid actually having a lender crackdown

The reason why we are talking about a lender crackdown is to avoid actually having a lender crackdown

This week, a number of finance regulators said they were turning their mind to enforcing robust lending standards. Straight after, CBA announced it was adopting a more conservative stance in its lending policy. Accredited Broker…

APRA war games credit restrictions as household debt rises

APRA war games credit restrictions as household debt rises

James Frost and John Kehoe| Australian Financial Review| 17 June 2021 https://www.afr.com/companies/financial-services/apra-asks-banks-for-more-data-on-lending-20210617-p581rf The peak group of financial regulators have eyeballed the pick-up in home lending and the return of property investors as an emerging issue,…

Banking regulators poised to tighten lending standards to cool market

Banking regulators poised to tighten lending standards to cool market

Shane Wright & Clancy Yeates| Sydney Morning Herald| 19 June 2021 https://www.smh.com.au/politics/federal/banking-regulators-poised-to-tighten-lending-standards-to-cool-market-20210618-p5823u.html The Reserve Bank and the nation’s prudential regulator are poised to tighten lending standards in the face of soaring property prices and growing…

Why regulators are flying blind when it comes to lending risks

Why regulators are flying blind when it comes to lending risks

Paul Ryan| Real Estate Insights| 31 March 2021 Why Regulators are Flying Blind When it Comes to Lending Risks (realestate.com.au) The decision on whether to intervene in a red hot housing market lies with our…

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…

The new shape of best interests duty

The new shape of best interests duty

https://www.moneymanagement.com.au/features/expert-analysis/new-shape-best-interests-duty Industry Expert| Money Management\ 24 July 2020 Since 2009, credit licensees and their representatives have grappled with responsible lending obligations. Following the passage of legislation in response to recommendations of the Royal Commission, mortgage…

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