Hey, Déjà vu! Again! Just like 2007
3 June 2026
Exodus of Australian Landlords Driving Up Rents The Australian rental market is facing a crisis, as a growing number of landlords are selling their properties or taking them off the market altogether. This is due to a number of factors, including fear of government rent control, rising property taxes, and the increasing popularity of holiday […]
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After months of decline, housing loan commitments in Australia have finally started to increase. This is due to a number of factors, including optimism in the housing market, interest rates on hold last month, fear of missing out (FOMO), with the rhetoric of increased immigration and lack of house starts. Optimism in the Housing Market […]
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Alfredo R. Paloyo| The Conversation| 6 March 2020 https://theconversation.com/a-toilet-paper-run-is-like-a-bank-run-the-economic-fixes-are-about-the-same-133065 Panic buying knows no borders. Shoppers in Australia, Japan, Hong Kong and the United States have caught toilet paper fever on the back of the COVID-19 coronavirus. Shop shelves are being emptied as quickly as they can be stocked. This panic buying is the result of […]
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Are you one of those people who spend hours online or in stores trying to find the best discount on the latest gadget or fashion item? If the answer is yes and you also have a mortgage, then new data from the Reserve Bank shows you should probably divert some of that time to finding […]
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Mortgage Business| 7 November 2019 https://www.mortgagebusiness.com.au/breaking-news/13974-rates-still-heading-to-0-25-despite-upbeat-rba-rhetoric he Reserve Bank remains on track to cut the cash rate twice in the coming months, despite singing a “more upbeat” tune in its statement on monetary policy, according to a senior economist. On Tuesday (5 November), the Reserve Bank of Australia (RBA) held the official cash rate at […]
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Mike Bruce| The New Daily| 15 October https://thenewdaily.com.au/money/your-budget/2019/10/15/how-much-you-can-save-switching-loans/ Switching a mortgage from one of the big four banks to the lowest rate on the market will save almost $85,000 over the life of a $400,000 loan, figures reveal. As the big four banks face more pressure over their refusal to pass on interest rate cuts […]
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Peter Martin| The Conversation| 1 October 2019 https://theconversation.com/0-75-is-a-record-low-but-dont-think-for-a-second-the-reserve-bank-has-finished-cutting-the-cash-rate-124499 Anyone who thought that with the Reserve Bank’s cash rate now close to zero, its run of interest rate cuts was over, needs only to read the last sentence of Governor Philip Lowe’s announcement after Tuesday’s cut: The Board will continue to monitor developments, including in the […]
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Jack Derwin| Business Insider| 12 August 2019 https://www.businessinsider.com.au/the-rba-is-now-considering-the-drastic-measure-of-negative-interest-rates-meaning-you-could-be-paid-to-borrow-money-from-the-bank-2019-8 Australians could soon be paid to borrow money from banks for the first time in history, as the Reserve Bank of Australia (RBA) says it’s prepared to take extraordinary steps to stimulate the economy. Facing up to the government’s standing economic committee on Friday, RBA governor Phillip […]
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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 believes these changes are more apparent than real and that the real purpose was to make borrowers realise that easy […]
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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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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 […]
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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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The government and the Reserve Bank want to see the property market grow to boost the post-pandemic economy, but many experts believe that the banking regulator will soon put up roadblocks to stop the market running away from itself. What happens to the real estate agents, mortgage brokers etc if it suddenly becomes hard to […]
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Karen Maley| Australian Financial Review| 21 April 2021 APRA’s daunting double challenge (afr.com) Wayne Byres, the boss of the country’s prudential regulator, might like to insist that it’s not his job to solve the problem of soaring house prices, but astute bankers have a different view. They believe it’s likely to be only a matter of time […]
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Nathan Mawby| Real Estate| 19 September 2022 How all the bloomin’ rate rises are affecting the spring market and you – realestate.com.au Interest rate hikes have piled on hundreds of dollars of hip-pocket pain for anyone with a mortgage and reshaped the property market this year. After five rate hikes in as many months, a […]
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Tawar Razaghi| Domain| 14 September 2022 House prices are falling. Confidence is edging up. Is it a good time to buy? (domain.com.au) Home buyers have a stronger chance of getting into the property market this spring than during the pandemic-era boom, but experts are mixed about whether even better buying opportunities lie ahead. While some […]
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Nila Sweeney and Michael Bleby| Australian Financial Review| 19 September 2022 Stockland CEO Tarun Gupta predicts housing market balance by 2024 (afr.com) New housing demand will pick up in the next 18 to 24 months as rising wages and falling prices combine to improve the affordability problem keeping buyers out of the market, says Stockland […]
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There’s no doubt that the property market is in a downturn – with the Reserve Bank predicting price drops of around 15 per cent. However, one major developer is predicting the market will be in balance by 2024. Ups and downs are regular parts of the property cycle. However, one trend that will continue regardless […]
[...]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 the past few months, the housing market has shown signs of recovery after a prolonged period of subdued activity, which […]
[...]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 first introduced in 2014, have finally been adopted by the big banks, with Commonwealth Bank implementing the changes on Tuesday […]
[...]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 in the housing market. Property research firm CoreLogic has released its latest Hedonic Home Value Index, reporting a 0.8 per […]
[...]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 loss dealt a significant blow for ASIC: it was the first legal test of the 2009 NCCP Act and the […]
[...]Charbel Kadib| Mortgage Business| 14 August 2019 https://www.mortgagebusiness.com.au/breaking-news/13706-it-s-just-too-hard-anz-ceo-laments-credit-scrutiny ANZ will maintain a conservative approach to mortgage lending until the industry receives further clarity from regulators, CEO Shayne Elliott has said. Speaking at Aussie Home Loans’ 2019 Imagine conference in Sydney, ANZ CEO Shayne Elliott lamented the current state of affairs in the home lending space. […]
[...]Tim Boyd| Australian Financial Review| 13 August 2019 https://www.afr.com/companies/financial-services/asic-loses-landmark-case-against-westpac-20190813-p52ggy In a landmark case for responsible lending, the Federal Court has dismissed allegations against Westpac, brought by the corporate regulator, that it breached responsible lending laws more than a quarter of a million times. Justice Nye Perram told a Sydney court room on Tuesday morning that […]
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