Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
APRA released their Macro-prudential Framework for consultation. We look at their approach, and consider the implications. Spiced wet lettuce comes to mind!
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
APRA released their Macro-prudential Framework for consultation. We look at their approach, and consider the implications. Spiced wet lettuce comes to mind!
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
APRA has told lenders it expects they will assess new borrowers’ ability to meet their loan repayments at an interest rate that is at least 3.0 percentage points above the loan product rate. This compares to a buffer of 2.5 percentage points that is commonly used by ADIs today.
We look at the announcement and consider the consequences.
Go to the Walk The World Universe at https://walktheworld.com.au/
Join us for a live Q&A as I discuss the latest mortgage industry developments with Mortgage Broker Chris Bates https://www.wealthful.com.au/
You can ask a question live. https://walktheworld.com.au/ .
The latest edition of our finance and property news digest with a distinctively Australian flavour.
In today’s show we look at the impact of the rising home prices around the world – against the rising debt, and consider some of the risks lurking below the waterline. How real is the wealth effect, and what happens if borrowing rates were to rise?
Go to the Walk The World Universe at https://walktheworld.com.au/
I caught up with TrueSavings Founder and CEO Pete Steel as we discuss mortgage stress and how finding a cheaper mortgage rate can help. We also explore their platform and hear about recent customers who have achieved significant savings. https://truesavings.com/
[Note: DFA gets no benefit should you get a better rate!]
Go to the Walk The World Universe at https://walktheworld.com.au/
We look at the latest new lending stats from the ABS for July 2021.
https://www.abs.gov.au/statistics/economy/finance/lending-indicators/jul-2021
It is all about refinancing, as people seek out lower rates.
Go to the Walk The World Universe at https://walktheworld.com.au/
I caught up with the CEO and Founder of True Savings Pete Steel, to discuss the potential savings which borrowers may be able to access by avoiding what I call the “apathy tax”. In the current situation with finances under pressure, seeking a better mortgage rate is something which is relatively easy to do and the savings are significant. Why not keep the savings yourself, rather than propping up the profitability of the banks?
DFA FAIR DISCLOSURE: DFA was not paid to make this show. We did however provide data from our surveys to confirm the potential savings which are available.
Go to the Walk The World Universe at https://walktheworld.com.au/
I caught up with Steve Mickenbecker from Canstar to discuss the changes in mortgage rates around the RBA’s announcement. Which rates are likely to rise – and what strategy is best for now?
Steve Mickenbecker is in Canstar’s Group Executive Team, bringing more than 30 years of experience in the Australian financial services industry. As a financial commentator for Canstar, Steve enjoys sharing his expertise across topics such as home loans, superannuation, insurance, mortgages, banking, credit cards, investment, budgeting, money management and more.
https://www.canstar.com.au/team-members/steve-mickenbecker/
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest edition of our finance and property news digest with a distinctively Australian flavour.
In today’s show we look at the latest home price indices, new lending stats (warts and all), examine why mortgage settlement times vary so much and the claims that responsible lending rules are to blame plus more Westpac issues.
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Go to the Walk The World Universe at https://walktheworld.com.au/
