Articles

‘People are ringing for appraisals’: Agents feel post-election pickup

‘People are ringing for appraisals’: Agents feel post-election pickup

Michael Bleby & Tim Boyd | The Australian Financial Review | 23 May 2019  https://www.afr.com/real-estate/residential/people-are-ringing-for-appraisals-agents-feel-post-election-pickup-20190523-p51qde Sydney’s housing market has welcomed the end of the federal election campaign, with vendors and buyers shaking off the uncertainty about negative gearing and capital gains tax changes. “It was pretty much Monday morning,” said Paddington agent Catherine Dixon of […]

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APRA scraps 7pc home loan buffer

APRA scraps 7pc home loan buffer

James Frost | The Australian Financial Review | 21 May 2019 https://www.afr.com/business/banking-and-finance/apra-scraps-7pc-home-loan-buffer-20190521-p51phr The Australian Prudential Regulation Authority has written to banks proposing the 7 per cent serviceability buffer on home loans be removed, in good news for borrowers and the property market. APRA’s serviceability buffers were introduced in December 2014 as a way of tempering […]

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Hallelujah: Brokers rejoice over Coalition win

James Frost & John Kehoe | The Australian Financial Review | 20 May 2019 https://www.afr.com/business/banking-and-finance/hallelujah-brokers-rejoice-over-coalition-win-20190520-p51p78 Mortgage brokers are celebrating the re-election of the Coalition and the salvation of valuable trailing commissions that were poised to be banned under a Labor government. Yellow Brick Road executive chairman Mark Bouris, who made pre-election robocalls to voters warning […]

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Phil Lowe’s finger hovering above rate cut button

Karen Maley | The Australian Financial Review | 10 May 2019 https://www.afr.com/business/banking-and-finance/phil-lowe-s-finger-hovering-above-rate-cut-button-20190510-p51m0d Australia is set to see interest rates hit fresh historic lows in coming months, unless strong jobs market and rising commodity prices come to the aid of dwindling growth and inflation. Reserve Bank governor Phil Lowe has his finger poised over the interest […]

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The case that could reshape banking

The case that could reshape banking

James Eyers & Misa Han | The Australian Financial Review | 10 May 2019 https://www.afr.com/business/banking-and-finance/inside-the-westpac-case-that-could-alter-banking-20190510-p51lz4 It’s a case that will define one of the most fundamental jobs of a bank – working out whether to lend to a customer. On one side is the Australian Securities and Investments Commission. The regulator has taken Westpac Banking […]

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ANZ says 7.25pc buffer has to go

ANZ says 7.25pc buffer has to go

James Frost & James Eyers | The Australian Financial Review | 1 May 2019 https://www.afr.com/business/banking-and-finance/anz-says-7-25pc-buffer-has-to-go-20190501-p51j0g ANZ chief executive Shayne Elliott urged the prudential regulator to scale back the buffer requiring new borrowers have the capacity to pay a 7.25 per cent interest rate, warning it was forcing the bank to turn away one in five […]

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