Tougher home lending not the answer for WA: REIWA, UDIA WA
Imposing tougher lending conditions in Western Australia could "see the green shoots that are just starting to emerge killed off", says UDIA WA CEO, Allison Hailes.
Australia still a property hot spot for Chinese buyers
Chinese investors are finding new ways to finance real estate purchases in Australia, with 40 per cent saying they would use vendor finance to buy property over the recent Golden Week holiday period, according to Jon Ellis of Investorist.
Brisbane apartment market returning to average after boom: Place Advisory
Place Advisory's December quarter report on Brisbane's apartment market tells the story of a market adjusting to more sustainable levels from record highs.
Banks believe off-shore buyers don’t reflect the local demand that the bank is looking to satisfy in the event that they are required to sell unsold stock in a default scenario.
If we abolish or restrict negative gearing, the potential for investors to choose other asset classes instead of property could exacerbate the already slowing trend of investor lending.
The lending figures show that the macro prudential measures introduced are working and that owner occupiers are the dominant force in the stabilising market.
