January 22, 2016
Major bank tightens investment lending criteria
As of today, Bankwest will apply new lending criteria for those seeking investment loans that will require applicants to have a deposit of at least 20 per cent.
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January 22, 2016
Pressure on house prices could ease if the big four are forced to raise $18b in capital
The big four banks might have to raise $18 billion of new capital as the Australian Prudential Regulation Authority continues to look at implementing recommendations from the financial system inquiry.
January 22, 2016
Melbourne’s ugliest homes featured on anonymous Instagram page
Ugly homeowners be warned! There’s an anonymous Instagram identity stalking the streets of Melbourne, looking to publicise the city’s ugliest homes for a laugh on @uglymelbournehouses.
January 22, 2016
Property industry a shining light for the Government
While the economy has slowed and commodity prices have dropped sharply, the housing industry has been the one shining light for the Government.
January 22, 2016
RBA leaves rates at 2% but experts say there’s more cuts on the way
The Reserve bank has kept interest rates at their record low of 2 per cent this month, but experts say there are more cuts coming later this year.
January 22, 2016
Australia warned to stop cutting rates by the OECD
While there are plenty of economic experts who think interest rates will be cut again this year after the RBA left them steady this month, the Organisation for Economic Cooperation and Development says Australia should stop cutting rates now.
January 22, 2016
Understanding a housing ‘bubble’
Federal Treasurer Joe Hockey has caused a stir by saying that people looking to buy their first home should ‘get a good job’.
January 22, 2016
What who can buy and where in Melbourne
Recent comments about housing affordability and first-home buyers from Treasurer Joe Hockey have led to him being labelled out of touch.
January 22, 2016
Australian dollar heading for low US60s: Morgan Stanley
In a new forecast Morgan Stanley has predicted the Australian dollar to fall to US68c by the end of the year and to drop even further by the end of 2016 to US62c.
January 22, 2016
Property Council calls for stamp duty to be abolished – and paid for by changes to the GST
The Property Council has again called for the abolition of stamp duty amid heightened national debate about housing affordability.