A Little Background. Generally lenders are required to add a 3% rate buffer to new and existing loans when assessing serviceability. It's a risk...
We can stop holding our breath, the RBA has held the cash rate at 4.10% this month. No increase (for now). Reserve Bank hits pause on rate hikes
I'm sorry for the short notice, a few people are meeting Tuesday evening at the Mitcham Hotel at 7pm. All are welcome, there's no agenda or cost...
I was playing with some numbers today, wondering what this might actually cost investors. I don't know if this is correct, I'd be interested to...
There's been several threads regarding APRAs direction on banks to increase the serviceability buffer from 2.5% to 3.0%. APRAs requirement is...
Last night a client was looking at his loan approval letter and asking me why his loan wasn't adding up to 90% of the purchase price. I tried to...
The Victorian state budget has announced stamp duty reductions for homes under $1M. * New homes will attract a 50% waiver. * Established homes...
Just reading an article published in the Financial Review indicating that the government is scrapping the Responsible Lending laws that has seen...
This morning the High Court of Australia made the unanimous decision to overturn the convictions of child sex offences....
Many people here may not remember what happened almost 12 years ago during the GFC. Quite a few lenders found themselves unable to access funds...
One of the finance email subscriptions I receive had an interesting article with some insights into how valuers at the coal face see it. I...
I've managed to extract the June 2019 HEM tables from one of the banks.
The RBA just announced another rate cut of 0.25%. The cash rate is now 1%. I was expecting another cut after all the commentary over the last...
Sorry, this isn't an announcement that CBA is changing their assessment rates. It's actually the opposite. The CBA is going to treat existing...
Protect and grow your portfolio in an evolving market With so much uncertainty surrounding changes to legislation, finance and the property...
Attachment is a TXT message exchange I just had with one of my business managers from a major bank. I suppose they need this to analyse the...
The reports are now available. Attached below, including the governments response.
https://www.theage.com.au/national/victoria/conveyancer-accused-of-multimillion-dollar-frauds-20190114-p50rbm.html With all the supposed checks...
Westpac hit with record $35m penalty over home loan breaches Here's the bit I find very interesting: ASIC said 260,000 loans were approved...
NSW will be outlawing referral commissions to brokers and financial planners unless a real estate license is held. NSW to outlaw referral...
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