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Have the new lending changes effected you?

Discussion in 'Property Finance' started by jpcashflow, 16th Aug, 2015.

  1. jpcashflow

    jpcashflow Well-Known Member Business Member

    Joined:
    21st Jun, 2015
    Posts:
    371
    Location:
    Melbourne
    With the new lending changes that have taken place have you been effected?
    Changes may be eg; increased rates, borrowing power effected or larger deposits required!!!

    For me personally I have not been effected at all here is my situation:
    PPOR: No debt - No issue
    IP1: LVR at 25% now - Variable rate but loan only 100K
    IP2: LVR at 40% now - no changes here. Fixed rate 150K
    IP3 (Development Site): LVR at 25% - Rates have increased but no real change as LVR is really low.
    IP4: LVR at 75% - increased rates have increased my P and I loan by $25.00 a month but we have just increased our rent so no issue there.

    With most of my properties in low LVR territory no real effect for me....

    Interesting enough, speaking to real estate agents the market in Melbourne is still hot sure there has been a few less buyers at open but the ones that are shopping are more genuine!!
     
  2. Hodge

    Hodge Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    514
    Location:
    Melbourne
    For me it's made me stop buying and start paying down debt via offset. Not a bad thing and I'll be cashed up once things settle down again.
     
  3. citystar

    citystar Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    167
    Location:
    QLD
    Not much has changed. Sure I'm paying more in interest each month however it is what it is. Keep my eyes set on the goal ahead and keep moving forward.
     
    Jamie Moore likes this.