On 31st March the RBA and APRA released their latest monthly data to end February. There was significant evidence of loan growth easing back – a consequence of higher rates and tighter underwriting resulting from the change. That said, another record was breached.
The latest from the RBA and APRA on mortgage lending, plus the latest from the ABS on wealth destruction. In addition, the Productivity Commission rubbish First Home Buyer Grants, and Queensland scraps its additional interstate property tax. All on the same day…
The credit stats from RBA and APRA to end July reveals a significant slowing in credit growth. Given this is a combination of changes in borrowing power, and competitor dynamics, some lenders are chasing investment loans, others are seeking owner occupied loans.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants. If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you. Buying property, is both challenging and adversarial. The vendor has a professional on their side. Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make. Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest. Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
The latest credit data from the RBA and APRA show ongoing growth, though the rate is starting to ease, and will do so more as rates rise. The ABS data on vacancies reveals a significant number of jobs on offer. We suggest the low wage environment is part of the reason why people are not grabbing them. This could turn to custard quite soon now.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
We look at the latest credit data, which is all about booming mortgage lending. Given the rate of change of credit, home prices are set to rise higher. Totally the wrong time to remove responsible lending obligations from the banks!
Go to the Walk The World Universe at https://walktheworld.com.au/
We look at the latest credit data, which is all about booming mortgage lending. Given the rate of change of credit, home prices are set to rise higher. Totally the wrong time to remove responsible lending obligations from the banks!
Go to the Walk The World Universe at https://walktheworld.com.au/