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The RBA concluded that “Recent data do not show signs of a bubble.” in a research discussion paper titled Is Housing Overvalued? (June 2014). Last week’s RBA talk about credit controls, the so called macro-prudential, is a way of retaining low interest rates and maintaining overall sensible growth in housing prices. The RBA stance flags the economy needs low interest rates
We were recently asked what a mortgage default is, so we thought it would relevant to discuss the ins- and-outs and exactly what is involved and how it impacts the borrower. If you lend money to a borrower who offers you a first mortgage on their property, your security is a registered first mortgage. If the borrower defaults under the
Ever heard the saying “It sounds too good to be true”. It really is a valid point, especially in the finance industry. When we hear of returns especially in this current market being offered from 15-30% the “alarm bells” should start ringing and big warning lights should flash all around the article your reading which offers such a return. There are
On the 4th of November 2013 the Australian Bureau of Statistics (ABS) released the price change index for Australia’s eight capital cities to show that weighted average prices had increased by 1.9% in September 2013 quarter. The ABS chart below shows that recent increases have followed a period of decreases, statistics that hardly accords with the bubble talk of many commentators,
While the debate about whether or not there’s a housing shortage continues amongst the property market elite and financial industry experts, one thing is clear to everyday Australians – it’s hard to get the property you want, where you want it and at a fair price. A decade of lagging construction and strong population growth has only served to increase
The Reserve Bank of Australia (RBA) which meets in the first Tuesday of every month, left interest rates unchanged at 2.50% stating amongst other matters that “Housing and equity markets have strengthened further, trends which should in time be supportive of investment”. The RBA notes “… recently there have been the signs of increased demand for finance by households, the
We speak to a diverse range of property developers each week, many frustrated that their extremely viable projects cannot get funding through traditional banking channels. We know that while the mining boom and economy in general may have slowed over the past 12 months, there are still some great opportunities out there. It’s our job to connect feasible developments with
