It’s back to the past to control the property cycle
0

Lenders are beginning to tighten lending conditions to property investors. This is in response to pressure from APRA aimed at slowing property investor lending. In the most recent Oliver’s Insight, Dr. Shane Oliver, chief economist of AMP Capital, gives an overview of these macro-prudential controls. Here’s what he said: The past few weeks have seen banks tighten up lending…

Macro prudential policy nibbles at housing investor lending
0

There’s been lots of talk lately about the banks crowding out property investors. I recently wrote about the game changer of macro prudential controls being enforced by the banks with investors requiring higher Loan to Value Ratios, paying higher interest rates and having to overcome the hurdle of more difficult serviceability criteria. In a recent…

The Week that was in Property
0

The Australian Bureau of Statistics (ABS) released housing finance data for March 2015 earlier this week. Over the month there was $31.6 billion worth of housing finance commitments. This figure was comprised of $18.7 billion worth of lending to owner occupiers and $12.9 billion to investors. Investor lending is rising Over the month, the value of lending…

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!