Michael Roddan| Australian Financial Review| 22 June 2021 https://www.afr.com/companies/financial-services/one-in-five-have-a-liar-loan-experian-20210622-p5833i One in five Australians have fibbed to the bank when applying for a loan in order to avoid being knocked back by the lender, raising concerns about the return of “liar loans” in a surging housing market. Slightly more than 40 per cent of lies when applying for […]
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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, with the boards of major banks asked to pledge they are maintaining lending standards and provide data proving they are […]
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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 household debt as Treasurer Josh Frydenberg says higher house prices are good for the economy. The Commonwealth Bank, the nation’s […]
[...]Richard holden| The Conversation| 11 June 2021 https://theconversation.com/vital-signs-its-not-the-reserve-banks-job-to-worry-about-housing-prices-162499 Once again folks are pointing to the potential danger of Australia’s low interest rates. This week a poll of so-called “market economists” by ratings agency Fitch had only 12% of respondents in favour of the Reserve Bank of Australia’s current stance, with 68% saying its monetary policy was too […]
[...]Colin Brinsden| The New Daily| 20 June 2021 https://thenewdaily.com.au/finance/finance-news/2021/06/20/economists-start-believing-well-see-a-rate-rise-sooner-rather-than-later/ A speech by one of the Reserve Bank of Australia’s top officials will provide an opportunity to respond to last week’s extraordinarily strong labour force figures and signal whether it changes the timing of a future interest rate rise. Economists certainly believe it does. The RBA […]
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While the housing market is strong, there are signs it’s slowing. Under these conditions knowing whether buyers can get finance will be key. The white-hot price gains of March moderated in April. Sydney auction clearance rates of about 90 per cent in March have also slowed to about 80 per cent and Melbourne has ticked down […]
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