Listen, You Can Hear the Screws Tightening On Mortgage Lending. Welcome to The Property Imperative Weekly to 17th February 2018. Watch the video, or read the transcript. In this week’s digest of finance and property news we start with Governor Lowe’s statement to the House of Representatives Standing Committee on Economics. He continued the themes, … Continue reading “Turning The Screws On Mortgage Lending – The Property Imperative Weekly 17th Feb 2018”
As part of the discussion paper, released today APRA, says that addressing the systemic concentration of ADI portfolios in residential mortgages is an important element of the proposals. They have FINALLY woken up to the risks in the system, just years too late! We have significant numbers of loans in the system currently that would … Continue reading “APRA Homes In On Mortgage Risk”
We get a steady flow of questions from those who read our research, or follow our posts, but one question, more than any other we get asked is – Should I Buy Property Now? Many cite the real estate industry claims that now is a great time to buy – but is it really? Today … Continue reading “To Buy, Or Not To Buy, That IS indeed the Question”
Martin North, Digital Finance Analytic’s founding Principal and banking sector analyst, willingly engages with the media offering informed, objective and independent views on banking, financial services and broader economic policy issues. He has a special interest in the dynamics of the housing sector. Requests by Media for interviews can be made here or call 0412 … Continue reading “Media”
Globally, national house prices are forecast to rise this year in 19 of 22 markets highlighted by Fitch Ratings in a new report, but growth is expected to slow in most markets and risks are growing as the prospect of gradually rising mortgage rates comes into view this year. Their data on Australia makes interesting … Continue reading “Global House Prices Will Rise, but Ideal Conditions to End – Fitch”
Calls to reduce the current regulatory restrictions, for example on investor and interest only loans, will probably fall on deaf ears. Last year, the Bank of England confirmed that its own version of APRA lending curbs will become a “structural feature” of the British housing market, forcing Australian economists to begin questioning whether APRA’s macro-prudential … Continue reading “APRA Mortgage Curbs Permanent?”
The Banking Royal Commission is on, Housing credit is still growing strongly, and home prices in Sydney are slipping. So plenty to discuss in this week’s Property Imperative weekly to 2nd December 2017. Watch the video, or read the transcript. In this week’s review of finance and property news we start with the announced $75 … Continue reading “What The Royal Commission Means For Home Prices – The Property Imperative Weekly 2nd December 2017”
RBA Governor Philip Lowe spoke at the Australian Business Economists Annual Dinner. Essentially, the conundrum of low inflation and wage growth, despite better employment means the cash rate will stay lower for longer, though the next move is likely up. High household debt is less about risks to the banking system and more about medium term … Continue reading “Next Move In Rates Will Be Up, But Not Yet – RBA”
The New Zealand Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. They are projecting higher rates ahead. Global economic growth continues to improve, although inflation and wage outcomes remain subdued. Commodity prices are relatively stable. Bond yields and credit spreads remain low and equity prices are near record levels. Monetary … Continue reading “RBNZ Holds Cash Rate At 1.75%”
From Business Insider. Financial stability risks have taken on increased importance in monetary policy deliberations of Reserve Bank of Australia (RBA) Governor Philip Lowe – far more than under his predecessor, Glenn Stevens. The importance of managing those risks, especially in the household sector, were scattered, yet again, through the RBA’s November monetary policy statement … Continue reading “The RBA may have to lift rates to manage debt risk”
