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Hi all... I'm still around, but mostly hanging out on the Australian Property Forum these days. I'm expecting interest rates to be cut next month (November at the latest if the RBA decides to wait for the next inflation figures just to be certain). I'm also expecting moderate gains in Sydney...

Home loan war starts

Bankwest introduces 97% loans

Commonwealth Bank is now offering loans to temporary and overseas residents. They can even pay in foreign currency. http://www.commbroker.com.au/Net/Documentum/update-edge/update/update-2011/June-2011/update-june-230611.pdf

Home loan rate cut for Commonwealth Bank... http://www.news.com.au/money/interest-rates/home-loan-rate-cut-for-commonwealth/story-e6frfmn0-1226082513213

More here: http://smh.domain.com.au/real-estate-news/banks-battling-for-big-borrowers-20110530-1fbec.html

"Lenders back to throwing cash at buyers" http://www.couriermail.com.au/money/lenders-throwing-cash-at-buyers/story-e6freqoo-1225918973988

But easing nonetheless. A good sign for people wanting to get into the property market. :) The RBA will decide where it wants mortgage rates to be. If the RBA wants mortgage rates to drop by 25 points, and they think the banks will only pass on half, then they will cut by 50 points. I...

Lending continues to loosen... Looks like ANZ are removing some of the temporary lending restrictions. How long before the other banks follow? http://formula1finance.com.au/news/finance/anz-increase-home-loan-to-value-ratio-to-97/ Also, it looks like the RBA might be cutting rates...

So you thought credit would tighten a little bit, but not enough to cause house prices to fall? That's what I always said. Not much lower - they were pretty high in 2007. Yes, the largest reduction in median house prices in decades was a very minor fall. Just goes to show what a great...

That's obvious. I said and continue to say that house prices would probably rise despite the current credit restrictions. I don't believe those restrictions are as onerous as you thought they would be. House prices were rising throughout 2007 despite the high interest rates. Then in 2008...

I believe you also suggested that credit would keep on tightening, enough to prevent house prices from rising?

Well, rate rises make credit more expensive, but not less available.

Sorry if all this talk of credit easing bothers you. You can always post examples of credit tightening here as well if you wish. Haven't you been saying that credit would be tightening significantly in the future? So you've probably got lots of examples you can post by now...

Non-bank lender launches low-deposit loans http://www.yourmortgage.com.au/articles/%204054/default.aspx

Nicely written. :D You're more into development / commercial though, right? I agree things are much tighter in that area than regular residential buy & hold, from what I've heard.

Non-bank lenders to return: RBA http://news.smh.com.au/breaking-news-business/nonbank-lenders-to-return-rba-20100412-s325.html

ANZ loosens mortgage lending http://www.businessspectator.com.au/bs.nsf/Article/ANZ-loosens-mortgage-lending-pd20100410-4CV97?OpenDocument&src=hp8

Here are some recent indications of easing credit conditions... Macquarie returns to lo-doc loans AMP cuts rates on entry-level mortgages CUA slashes variable mortgage rates What do people think - are these just isolated examples, or a sign of further easing to come. If the NBLs start to...