Ratings agency Standard & Poor's says that RMBS now represent around 10% of Australian housing credit funding and has been trending upward since 2009.
The feasibility of syndicate investment is being realised due to the trend of bank’s loosening lending requirements on retail, industrial and commercial property.
Banks will look to increase their rates at the next opportunity, most likely in the second half of the year once the election is out of the way.
The lending figures show that the macro prudential measures introduced are working and that owner occupiers are the dominant force in the stabilising market.
These have been confusing times for borrowers with banks lifting rates outside of the RBA’s deliberations and this looks like being the new normal going forward.
Lending figures confirm a continuing increase in owner occupier activity.
Only 16% of Australians know the interest rate they pay on their mortgage, according to research conducted by UBank.
It takes money to make money, unless you have money and then you can use someone else's money to make your money go further, writes Dan Holden.
Laing+Simmons Managing Director Leanne Pilkington has harsh words for the big banks.
First home buyers purchasing existing properties in Western Australia will no longer receive a $3000 government grant.
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