2018 APRA awards

Discussion in 'Loans & Mortgage Brokers' started by Scott No Mates, 11th Apr, 2018.

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  1. Scott No Mates

    Scott No Mates Well-Known Member

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    About time APRA got back to business and not disrupting the lives of investors.

    Linky

    Will there be a rush of funds?
     
    Scott No Mates, 11th Apr, 2018
    #1
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  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Nah,

    The necessary intervention has resulted in what I would call a chemical change.

    a chemical change is like burning some wood, once it's burnt and the energy expended, we have some ashes left...............

    With most physical changes which is what many investors were hoping for, is like when you freeze water it becomes a solid, add some heat and it goes back to being a liquid, add more heat and you will even get vapour.


    The reality is is that APG 223, isn't specifically related to investor activity, has burnt the previous wood.

    All the fluff and noise around interest only and investment lending generally was in addition to APG 223, but supposedly a temporary measure.

    ta
    rolf
     
    Rolf Latham, 11th Apr, 2018
    #2
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    @Rolf Latham - agreed. Getting wood was a major part of the problem.
     
    Scott No Mates, 11th Apr, 2018
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