Regulatory changes in the mortgages space

Discussion in 'Loans & Mortgage Brokers' started by Shawn, 20th Jul, 2017.

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  1. Shawn

    Shawn Well-Known Member

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    Hi Gents & Ladies,

    I am going for a Job interview tomorrow (got caught out at short notice), and as part of the role I am applying for, will need to have a strong grasp on the property market.

    I would like to ask the PC community the following question :

    What are the changes in the industry in the last 12 months & coming 12 months that would affect the mortgages industry in Australia?

    A one sentence response would be fine, I just need to make sure I've got everything covered.

    Thanks!
     
    Shawn, 20th Jul, 2017
    #1
  2. jaybean

    jaybean Well-Known Member

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    Lol one sentence to cover everything?

    Ok let me try: investors can all go to hell.

    Predicting this is going to be a fun thread.
     
    Last edited: 20th Jul, 2017
    jaybean, 20th Jul, 2017
    #2
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  3. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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    Skilled_Migrant, 20th Jul, 2017
    #3
    Dean Collins likes this.
  4. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    There's no way I can surmise this in a single sentence, a 10,000 word essay might might come close.
     
    Peter_Tersteeg, 20th Jul, 2017
    #4
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  5. Hamish Blair

    Hamish Blair Well-Known Member

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    Stricter and harsher rules reducing the ability to borrow. Plus quotas limiting business development.
     
    Hamish Blair, 20th Jul, 2017
    #5
  6. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Standardisation of risk assessment and vanilla - ing of product innovation

    ta
    olf'
     
    Rolf Latham, 20th Jul, 2017
    #6
  7. jaybean

    jaybean Well-Known Member

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    I can picture him memorizing this word for word, and then...

    Interviewer: can you provide a detailed example?

    OP: Got dem investors running scared!
     
    jaybean, 20th Jul, 2017
    #7
  8. mcarthur

    mcarthur Well-Known Member

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    You didn't specify PPOR or IP's, residential or industrial, new builds or existing... so...

    "huge residential property investment changes, looming demographic shifts, low consumer confidence and income increases, political inertia and unknowns, and increasing separation between Sydney+Melbourne and the rest of the country, means an uncomfortable and confused property market; same again and possibly worsening."
     
    mcarthur, 20th Jul, 2017
    #8
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  9. Shawn

    Shawn Well-Known Member

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    If the scope had to be narrowed it would be P&I Residential loans. :)
     
    Shawn, 20th Jul, 2017
    #9
  10. Possumcreek

    Possumcreek Well-Known Member

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    How did you go Shawn?
     
    Possumcreek, 21st Jul, 2017
    #10
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