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
#34: Credit cards kill your borrowing capacity
https://media.blubrry.com/longpropertyshow/content.blubrry.com/longpropertyshow/Creditcards.mp3Podcast: Play in new window | DownloadSubscribe: RSS Most borrowers assume credit or store cards do not affect their borrowing capacity. But, even if you only have one card which you clear in full each month (or never even use), this can have a substantial impact. Today we’re providing some detail on how and […]
Brokers or Banks – who fights harder for the client?
For all the talk about ‘incentive structures’ during the royal commission, I don’t think this angle was given enough attention… — Long Property blog content provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances […]