Sydney, Melbourne APRA in 2017

So , seeing many here are at the coal face so to speak, it would seem that the way Syd and Mel are going and the amount of investor loans, we may see a re think on regulation ?

There was always going to be some more regs and compliance as everyone adjusts etc, but do we face a complete new intervention and re think and more changes ?

My thoughts had been that there should have been some short term specific location restrictions to prevent a runaway train, and the APRA changes came too late.

Anyone heard anything on changes, or do you think they will hold the current course.

 

Stay the course.

 

The regulations are working just fine and a bit overdone anyway.

Both Sydney and Melbourne have cooled off from the crazy year on year growth and remember interest rates are still low and apart from Sydney, Melbourne and sorrounds we don't have an economy anywhere else at the moment. Every car factory, every workshop and any kind of production is closing down thanks to our open trade policy and offshoring strategy.

 

Once the construction stops (and migrants figure out they might have a better future in Canada etc) we won't even have an economy of any note in either Sydney or Melbourne either.

I detest Trump and people like him but the one thing I do agree with him is his plan to reverse the offshoring of jobs.

 

Someone was saying on TV they will be looking at doing more, too many investor loans.

 

The tightening up of the availability of IO terms is a start. Give that some time to play out together with rate rises.

 

We have all read and discussed this, but that would all be part of the original regulation was my thinking.

So is not clear to me if they were saying it is going to be a complete new re think, or just the continuation of original plans.

 

after sitting through one of the biggest bull runs in property history (look up prices of HK and especially shenzhen), i guess the next thing on the cards if things keep going this way will be:
- increase stamp duty for investors (yes i realise this is a state thing vs APRA guideline)
- LVR limits

 

Here is something I just came across, however nothing of any real weight or authority....

Vital Signs: time to shift the goalposts on investor lending again?

 

There might be some reluctance to do much until the dust settles on the trump effect. Maybe 3-6 months before any decisive moves are made???