Article by Patrick Lynch, Head of Operations at Long Property The loan approval process has become progressively tougher with the impact of regulatory intervention leading to tighter lending policy and longer assessment times. In addition, where previously Lenders primarily focused on income verification, with a limited review of outgoings beyond debt obligations, we are now […]
Crackdown on living expenses – what you need to know
Impact of Labor’s proposed changes to negative gearing and CGT rules
Despite the economy doing quite well (record jobs growth, and now 26 years without a recession), support for the Coalition has fallen to the lowest level in a decade (see here), so the prospects for Labor winning the next election are very real. A federal election is expected next year, and Labor is still proposing […]
Major bank rate hike
Article by Patrick Lynch, Head of Operations at Long Property We’ve recently seen 3 (Westpac, ANZ and CBA) of the Big 4 Major Banks raise their mortgage interest rates, despite the Reserve Bank (RBA) not moving on official rates for about 2 years. In fact, most commentators – including those of the Big 4 Banks […]