In this short video Carolyn unpacks the key factors currently impacting Australia’s credit environment. The key takeaways are as follows: – Borrowing capacity is down approx. 20% across the board, however most borrowers don’t stretch to their maximum borrowing capacities – The national housing market has contracted approx. 6% in aggregate over the past 12 […]
Carolyn Bray, head of credit at Macquarie
National property market update with Macquarie Bank Senior Economist
For those interested in a national property market update, here’s an excellent 7 minute video provided by Justin Fabo, Senior Economist at Macquarie Bank. The key takeaways are as follows: • At the national level, property prices are down 6% (Sydney 13%, Melbourne 10%, Perth 17% and Darwin 25%) from peak. Other markets (e.g. Adelaide […]
Am I on the best Loan Interest Rate for me?
Article by Patrick Lynch, Head of Operations at Long Property Here’s a simple question – what’s your home or investment loan interest rate? Simple answer – generally, whatever the Lender wants it to be. Recently, the ACCC Residential Mortgage Price Inquiry reported that ‘the opaque, discretionary pricing of residential mortgages by Banks makes it difficult […]