Lending may have progressively tightened over the past 2 years, however we’ve noticed the banks quite eager recently to take on high quality new business. A number of promotions have just been extended There are some very cheap ‘fixed rate’ offers which have just been released; and Certain banks are turning around approvals now within […]
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Carolyn Bray, head of credit at Macquarie
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 […]
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 […]