The many moving parts influencing house prices

Before I dive into where housing is heading, the banking regulator’s analysis of CBA’s vulnerabilities was spot on. In 2010 I posited that while the four oligarchs’ much-lauded diversification into non-core businesses might smooth their return distributions during the good times, it lifted the probability of adverse fat-tail events of the kind NAB experienced in … Read More

8 Financial New Year’s Resolutions For 2018

The beginning of a new year is the most popular time to set goals and make plans, and everyone’s resolution list should include a few financial resolutions. Resolutions, like goals, are best when they’re specific. When you set a resolution or a goal, think of it as picking destinations on … Read More

Westpac shares crumble after poor lending practices conceded in internal documents

Westpac’s share price has nosedived after the release of explosive documents detailing widespread failings in not only the quality and riskiness of its home loans, but the way they are processed. Key points: Westpac shares tumble 4pc after APRA finds it has the worst record of the big banks in … Read More

The untouchables: How the dodgy financial planners kept their jobs

Charging dead people fees, impersonating clients, falsifying signatures. It’s all apparently in a day’s work for unscrupulous members of the $4.6 billion financial planning industry. For the best part of the past week, the Hayne royal commission explored the misdeeds of advisers employed by the big banks and AMP. The testimony was disturbing, and portrayed … Read More

Liquid paper and broken dreams: Homeowners brought to their knees over lending practices

Jason Hannagan had to sell his home and an investment property after a financial lender gave his family a loan they could not afford to repay. Mr Hannagan’s family took out a $590,750 loan from a lender called Pepper Money in 2012. He estimated the family’s monthly income was about … Read More

APRA relaxes investor property loan ‘speed limit’ as boards made more accountable

Despite conceding that risks in the property market remain “heightened”, the key bank regulator will remove the speed limit on investor lending. Key points: APRA is targeting the quality of home loan serviceability, ditching previous investor speed limits Bank boards will be made more accountable for the quality and operation … Read More

Jonathan Munz sells Portsea pile to Russell Knowles for $2.5m profit

Rich Lister Jonathan Munz has made a $2.5 million profit from selling the Portsea house he purchased just two years ago to former rich lister Russell Knowles. Mr Munz, whose estimated $1.1 billion fortune put him 50th on last year’s Rich 200, sold his mansion at 3808 Point Nepean Road for $13.5 million last Monday in … Read More

APRA just relaxed lending quotas for Australian housing investors

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APRA has announced it will remove the 10% annual cap on investor housing credit growth for some lenders. It expects ADIs to develop internal limits on lending at very high debt-to-income levels, and policy limits on maximum debt-to-income levels for individual borrowers. Restrictions on interest-only mortgage lending introduced in March … Read More

Westpac shares slide after UBS flags lending risk concerns

Westpac shares have slumped in midday trade after UBS downgraded the stock this morning. Analysts Jonathon Mott and Rachel Bentvelzen ascribed a target valuation of $26.05 on Westpac (WBC) shares — down from this morning’s opening price of $29.18. Westpac shares fell by more than 4% in afternoon trade before … Read More

How to quickly know how much house you can afford

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What You Need to Know about Mortgages and Equity

Ah, springtime: when “for sale” signs start popping up with the daffodils and crocuses! Before you call your real estate agent, you might want to read up on some of the more technical aspects of homebuying—like exactly what homeownership can mean for your bottom line. Mortgage basics The majority of families … Read More

Low Rise Medium Density Design Guide

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These are Tools for improving the design of low rise medium density residential development as complying development. A key component to addressing housing affordability and supply is delivering more housing diversity. The low rise Medium Density Housing Code and the Low Rise Medium Density Design Guide address a lack of … Read More

13 WAYS TO START POWERFULLY AS A PROPERTY INVESTOR

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1. Know why you’re investing in property Get clear about your reasons for choosing to invest in property instead of other asset classes such as shares. Most investors know why they want to invest in property but some do it for the wrong reasons, such as trying to keep up … Read More

Key changes to pricing and offers in the last month in Australian consumer banking

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Click here to see a summary of the key changes to pricing and offers in the last month in Australian consumer banking: http://pclmoney.com.au/bnk/bnk_feb.pdf Note that the deposit rates on offer continuing their downward trend Key changes: ANZ’s​ Progress Saver has had its ongoing bonus rate reduced by 10bp to 1.71%. Bankwest​ … Read More

Many people are unable to obtain a loan as a result of credit tightening policies implemented by lenders.

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One Sydney-based Business Development Manager and former mortgage broker Hank Hong, says that one in three clients are unable to obtain a loan as a result of credit tightening policies implemented by lenders. “It’s [credit tightening] affected servicing and how much you can actually lend based on incomes,” Mr Hong … Read More

New legislation provides tax cut for first home buyers

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The federal government has successfully passed legislation that will allow first home buyers to access their tax-exempt voluntary superannuation contributions when saving for a deposit. On Thursday (7 December), the federal parliament passed elements of the Turnbull government’s housing affordability plan, which was first announced in the budget. This plan … Read More

Monthly housing market update

National Update Brisbane, QLD Sydney, NSW Perth, WA Melbourne, VIC Adelaide, SA

Non-Capital City Housing Markers A Real Mixed Bag

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Earlier this month CoreLogic released their October 2017 home value index results, in this week’s Pulse we focus on what these results look like across the regional housing markets. According to the CoreLogic home value index results for October 2017, dwelling values across the combined regional housing markets of the … Read More

Insights From the 2016 Census For Builders and Developers

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Australia is changing. Data from the 2016 Census has been released – we provide insights to help you better target today’s market. Just as our appetite for V8-powered cars is shifting towards smaller, more economical cars, what Australians are looking for in other areas is changing too . The 2016 … Read More

To Rise or Not To Rise? The Interest Rate Question.

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It’s an interesting time to be the Governor of the Bank of England, especially as there is now a real decision to make as to whether to increase interest rates from their historical low of 0.25% or not, especially as the latest UK inflation figures came in as expected at … Read More

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