Richard Gluyas| The Australian| 23 June 2022 https://www.theaustralian.com.au/business/financial-services/council-of-financial-regulators-closely-watching-housing-market-for-financial-stress/news-story/f81e7d9ea6c66788424489b8cb80f9bf The Council of Financial Regulators is keeping a close eye on emerging risks in the housing market, amid rising pressure on household budgets from banks passing on Reserve Bank rate hikes to their customers. The CFR, which had its regular quarterly meeting of the four main financial […]
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There’s no doubt that Covid has radically changed the property market. It has also revolutionised mortgages. With 67 per cent of loans now written by brokers, the old business model of just walking into your branch is dead. And, with Covid often causing banks to close branches, the only reliable fact is that a borrower […]
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https://theconversation.com/vital-signs-whats-wrong-with-australian-mortgages-theyre-fixed-for-shareholders-not-home-owners-176234 Richard Holden| The Conversation| 4 February 2022 If you’re paying off a mortgage – or aspiring to – imagine if you didn’t have to worry so much about rising interest rates. That’s already the reality for US home buyers. Unlike in Australia, most mortgages in the US have a fixed-interest rate, locked in for […]
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https://thenewdaily.com.au/finance/property/2022/02/09/banks-house-prices/ Matthew Elmas| The New Daily| 9 February 2022 There has been a big change in the outlook for house prices in the past week – two of Australia’s major banks are now predicting the biggest crash in decades. After two years of rapidly rising prices, most home owners have gained more wealth from their […]
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https://www.pexa.com.au/news/australias-property-market-hits-688-billion-in-sales-up-57-in-12-months PEXA News Release| 9 February 2022 The Australian property market has proven its strength as the backbone of the nation’s economy during the global COVID-19 pandemic, with the national aggregate value of property sale settlements growing a massive 57% from 2020, with Australians spending more than $688 billion on property in 2021. The Property and […]
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https://www.mortgagebusiness.com.au/breaking-news/16488-housing-supply-needs-to-be-more-flexible-rba-governor Annie Kane| Mortgage Business| 14 February 2022 The supply of “well-located” land needs to be addressed to improve housing affordability, the governor of the Reserve Bank of Australia, Philip Lowe, has said. Speaking to the House of Representatives standing committee on economics for its hearing on monetary policy on Friday (11 February), the governor […]
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Madison Utley | Australian Broker | 9 May 2019 https://www.brokernews.com.au/news/breaking-news/majors-commit-to-hem-alternatives-262695.aspx As Westpac and ASIC continue to clash over responsible lending measures and the big four face remediation bills of more than $5bn, focus has turned once again to the need to improve responsible lending frameworks. The HEM system – which was repeatedly scrutinised during royal commission hearings, […]
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Three events occurred recently that will inject life into the property market. First, the ALP lost the Federal Election – removing the threats to negative gearing. Then the Australian Prudential Regulator (APRA) announced changes to lending policy that will make getting a loan easier And, on the same day, the Reserve Bank (RBA) telegraphed that […]
[...]Michael Pascoe| The New Daily| 4 December 2018 there’s no praise or notice for saying what “everybody else” is saying. This leads to the outlier forecasts, the predictions above or below the consensus. These are the ones most likely to get the forecaster’s name in the newspaper and, thus, there is a temptation to go a […]
[...]Isabelle Lane| The New Daily| 28 November 2018 As the property downturn deepens in Sydney and Melbourne, investors are turning their attention to once-ignored regional markets, with one town standing out among the pack of top performers. No longer in Melbourne’s shadow, the Victorian port city of Geelong is the nation’s best performing regional market, according to a new report […]
[...]Isabelle Lane| The New Daily|4 December 2018 A survey of 1500 current and prospective home buyers by home loan lender ME found home owners who bought their properties in the past year were significantly more worried about the impact of prices falling than those who had bought three or more years ago. Almost half (46 per cent) of those who […]
[...]Pete Wargent BlogSpot\ 23 October 2018 http://petewargent.blogspot.com/2018/10/land-price-boom-continues.html Land prices up another 16 per cent Property transaction volumes have been crippled in recent months. But one key dynamic has not changed. The capital cities continue to create hundreds of thousands of the most favourable employment opportunities…and there still ain’t any more well-located land. Capital city vacant […]
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