The Sunday Times The Australian Prudential Regulation Authority (APRA) has announced it is considering reducing the seven per cent oor on serviceability calculations for residential mortgages, instead allowing banks to assess loans at 2.5 per cent above current rates. Currently, APRA requires lenders to assess whether or not a consumer can afford a loan […]
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THE WEST AUSTRALIAN Two powerful property industry lobby groups are backing State Opposition plans to block the introduction of a foreign buyer tax on residential property. The Urban Development Institute of Australia WA and Property Council of Australia WA have accused the Treasurer of jeopardising the State’s fragile property recovery. At 2.1 per cent, WA, […]
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ONE OF THE THINGS THAT UDIA MONITORS IS LAND AVAILABILITY. THIS MAY SEEM LIKE A SIMPLE AND LOGICAL THING TO DO BUT IT IS A LOT HARDER THAN IT LOOKS. Firstly, even the definition of land supply can change depending upon your interests. Government look at supply in relation to the total land available for […]
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