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DTI limits and buffers in APRA’s arsenal to manage credit risk

DTI limits and buffers in APRA’s arsenal to manage credit risk

Annie Kane| Mortgage Business| 11 November 2021 https://www.mortgagebusiness.com.au/breaking-news/16240-apra-consults-on-new-credit-risk-management-approach?utm_source=MortgageBusiness&utm_campaign=Mortgage%20Business11_11_2021&utm_medium=email&utm_content=1&utm_emailID=8a8e1573aa7aed348b3ce216911220f449b12b769f3b1261337d04577713208e Debt-to-income ratio limits and serviceability buffer changes are to be embedded into APRA’s standard for credit risk management. The Australian Prudential Regulation Authority (APRA) has written to banks asking

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$47,000 gone: Major new mortgage rules from Monday

$47,000 gone: Major new mortgage rules from Monday

Lucy Dean| Yahoo Finance| 30 October 2021 $47,000 gone: Major new mortgage rules from Monday (yahoo.com) Australians hoping to buy property will be forced to prove they can repay their mortgage if rates rise 3 per

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APRA runs through lending control toolkit

APRA runs through lending control toolkit

Sarah Simpkins| Mortgage Business| 12 November 2021 APRA runs through lending control toolkit - Mortgage Business The prudential regulator has outlined the next intervening steps it could take, as housing prices and debt levels continue

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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

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Housing price growth tipped to slow to 7pc

Housing price growth tipped to slow to 7pc

Michael Bleby| Australian Financial Review| 29 September 2021 https://www.afr.com/property/residential/housing-price-growth-tipped-to-slow-to-7pc-20210929-p58vsb Australia’s housing price growth will slow to 7 per cent next year as macroprudential controls add to the headwinds of worsening affordability, reduced immigration and incentives

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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

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Time for a crackdown on ‘liar loans’ to douse home price bonfire

Time for a crackdown on ‘liar loans’ to douse home price bonfire

Jessica Irvine| Sydney Morning Herald| 5 October 2021 https://www.smh.com.au/business/the-economy/time-for-a-crackdown-on-liar-loans-to-douse-home-price-bonfire-20211004-p58x3g.html Since deciding to become a property investor, I’ve experienced a range of emotions, including both guilt and pride - don’t let anyone tell you it isn’t

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Australian housing values rising at the fastest annual pace since June 1989, but the monthly rate of growth continues to lose steam

Australian housing values rising at the fastest annual pace since June 1989, but the monthly rate of growth continues to lose steam

Tim Lawless| Corelogic| 1 October 2021 https://www.corelogic.com.au/news/september-2021-home-value-index?utm_medium=email&utm_source=newsletter&utm_campaign=20211005_propertypulse CoreLogic’s national home value index rose another 1.5% in September, taking Australian housing values 17.6% higher over the first nine months of the year and 20.3% higher over

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APRA tightens home loan standards for new customers as risks grow

Clancy Yeates| Sydney Morning Herald| 6 October 2021 APRA forces banks to raise housing assessment rates to counter risks (smh.com.au) The banking regulator is acting to quell the growing financial risks of surging house prices,

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Growth cycle tapering as housing becomes less affordable

Growth cycle tapering as housing becomes less affordable

Tim Lawless| Corelogic| 2 August 2021 https://www.corelogic.com.au/news/july-2021-home-value-index Australian housing values increased a further 1.6% in July, according to CoreLogic’s national home value index.  The latest rise takes housing values 14.1% higher over the first seven

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