Improve your investment borrowing power

It is becoming more difficult to get an investment loan. In his recent column in Switzer, John McGrath discusses APRA’s recent lending restrictions and the effect it will have on investors. Here’s what he said to say: Most lending institutions have recently tightened their lending criteria for investors, making it a bit harder to get loans…

APRA forces its hand to cool housing market

Australia’s biggest banks have been forced to restrict their mortgage lending, in a move that could have big implications for the third-party channel. After warning of “heightened levels of risk” in the housing market, APRA has ordered five banks to increase the amount of capital required for their residential mortgage exposures. That means that ANZ,…

Australian housing finance eases across investors and owner-occupiers

 I keep track of housing finance figures because it gives me an indication of what’s ahead for our property markets. That’s because home buyers and property investors get their finance approved a number of months before they eventually purchase a property ANZ Bank reported that housing finance fell 4.6% m/m in May, following two consecutive months…

Housing finance topples market predictions

Market consensus from economists had called for a 2 per cent decline in Housing Finance in April, for some reason. This was presumably partly due to the March result being such a rip-snorter. Whatever the drivers or the underlying theories, market consensus was unsurprisingly way below the mark, with the April result blazing $0.9 billion higher to…

Investor Lending Surges Again

Housing finance data released yesterday by the Australian Bureau of Statistics (ABS) for March 2015 showed that despite the recently released guidelines for sound lending practices released by APRA and repeated warnings from the RBA, lending for investment purposes continues to surge. While values are still rising, the prospect of very low yields remain no…

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