The typical four-week sales campaign for property is becoming too short because loans are taking so long to approve amid the tightened lending environment.
News
Sydney's property downturn on track to break records
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06 December 2018
Sydney property prices have copped a pumping in 2018, falling 9.5 per cent since their peak in the middle of last year.
Rates on hold again as RBA waits for more wage growth
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05 December 2018
Australia’s record run of low interest rates has continued on for another month with the RBA once again leaving the official cash rate at 1.5 per cent.
Borrowers face extra repayments as interest-only loans rollover to principal-and-interest
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29 November 2018
There’s a huge number of interest-only mortgages in Australia – around $120 billion worth – that will soon transfer over to principal-and-interest according to the Reserve Bank.
RBA singles out four main drivers of house price collapse
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28 November 2018
The Reserve Bank says it’s more than just tighter lending - there’s four main drivers pushing down our house prices.
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