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  1. U

    Changes / tightening on servicing for investors

    But one must realise, these financial services companies are misty headquartered in Sydney.
  2. U

    Changes / tightening on servicing for investors

    Great. NG is for people who want to lose money and believe in the Cap Gain Unicorn. At these low rates, if you're still NG you bought a dud property.
  3. U

    Changes / tightening on servicing for investors

    So many OTPs in Sydney only paying 10% deposit upfront cause when they settle they get 80% LVR loans thanks to the 10% from the increase in value.
  4. U

    Changes / tightening on servicing for investors

    Considering how much government guarantee the banks get for deposits, they (and the public) have become complacent about their equity.
  5. U

    Changes / tightening on servicing for investors

    S&P estimates that $18 billion will need to be raised by banks to bolster regulatory capital. That is the amount that banks could potentially use for lending. Assuming a 2% margin, that's $360 million in potential lost profits per year by the banks.
  6. U

    Changes / tightening on servicing for investors

    The question is, do they have sufficient funding from deposits, securitization, covered bonds, term loan etc to match their portfolio growth? Smaller lenders cannot lend money they don't have. They need funding for this. I suspect there will be some clever structured finance happening between...
  7. U

    Changes / tightening on servicing for investors

    Whats with Westpac this morning? Also cutting discretionary discounts.
  8. U

    Changes / tightening on servicing for investors

    Nevertheless despite all this talk of tightening, these Darling Harbour apartments were sold out in 5 hours this morning. 1 bedder 50sqm starts at $800,000 http://news.domain.com.au/domain/real-estate-news/darling-square-apartment-launch-sells-out-20150523-gh822c.html Sydney is Hot!!!!
  9. U

    Changes / tightening on servicing for investors

    and those who are still negatively geared despite this period of low rates, have bought dud investments. time for them to face the risks of their follies.
  10. U

    Changes / tightening on servicing for investors

    The RBA is working with other regulators (ASIC, APRA) to minimize the bubble risks in Sydney, because they want to cut rates further as they try to engineer the transition from mining to non-mining investment and consumption.
  11. U

    Changes / tightening on servicing for investors

    Well just maybe the renters will become FHBs
  12. U

    Changes / tightening on servicing for investors

    Is this the Beginning of Da End? Will property prices collapse soon?
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