Look out for these three most common conditions in your real estate contract: “Subject to finance” “Subject to pest inspection” “Subject to building inspection” The spotlight now is on the first of these conditions, the finance clause, since obtaining finance is becoming more difficult in the current market (Sept 2015 — learn more here). What […]
Subject to finance
Sorry you can’t get a loan now
On face value it doesn’t appear that Australia’s banking regulator (APRA) has done much to slow credit and house price growth. In December 2014 they imposed a 10% growth cap or ’speed limit’ on investor lending which in July 2015 resulted in the big banks increasing their interest rates on investment loans for property investors […]
What’s positive about negative gearing
The idea of abolishing negative gearing has been discussed in recent months as there is a belief that it is responsible for the house price surges in Sydney and Melbourne. Many have also blamed negative gearing for making housing unaffordable for ordinary Australians. However the Australian Government has been reluctant to make changes due to […]