Following a strong pick up throughout 2016 in investment lending activity, on 31 March 2017 the banking regulator ‘APRA’ imposed new lending guidelines in an attempt to slow the volume of new interest only loans in Australia. What impact will this have for home buyers and property investors? What are the smart things you can […]
Reality check for anyone getting a home loan this year
Subject to finance
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 […]
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 […]