The housing market switcheroo

The ABS has released its Lending Finance figures for August 2015. August was a weaker month for commercial lending, with the trend estimate declining by -2.1 per cent in the month to $44.1 billion, having peaked at more than $48 billion back in April. The trend certainly appears to be softening in sympathy with weak capex intentions…

Is APRA getting its way?

APRA has been trying to take the wind out of the sales of the hot property investor market and it seems to be working. ABS figures show building approvals have fallen and lending to property investors has also slowed down. The number of homes approved for construction fell 6.9%  in August, with an 11.4% decrease in the apartment…

More action could be taken by APRA to slow property investors

APRA chairman Wayne Byres has not ruled out taking more action to slow down the current level of lending to property investors. In a speech to the Australian Business Economists Lunchtime Briefing in Sydney yesterday, Australian Prudential Regulation Authority chairman Wayne Byres said the regulator was waiting to see what affects policy changes instituted by lenders were…

This is why APRA is concerned about our banks

There’s been a lot of concern lately about APRA curbing to lending to property investors and how this may cause our real estate markets to slow down. The reason behind APRA’s involvement is the significant growth of lending to property investors  particularly in Australia’s two largest capitals which seems to be pricing first-time home buyers out…

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