As banks start lifting rates to tighten their lending to property investors in response to the Australian Prudential Regulation Authority’s crackdown, Westpac has announced changes to its lending to foreign buyers.
News
Property investors can expect more interest rate rises
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28 July 2015
Pressure to pass on higher capital costs to investment borrowers is likely to see more interest rate hikes by banks, following last week’s movements from ANZ and the Commonwealth Bank.
ANZ lifts interest rates for property investors
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24 July 2015
The ANZ Bank is lifting its interest rates for residential investment property to move focus away from investors and more onto owner-occupiers.
Melbourne's median house and unit price hits new record
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23 July 2015
Melbourne’s median house and unit price has hit a new high in the June quarter.
House prices have grown 3.5 per cent over the June quarter to hit a new record median of $668,030.
A leading economist says the Australian dollar could plunge to the US50s - and stay there
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21 July 2015
The Australian dollar could plunge below US60c in the coming months according to an economist from private bank Deltec.
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