September 2015 – Who crashed the economy?

NAB restricts lending in 34 Sydney bubble suburbs

September 28, 2015 admin 58

NAB has started to restrict lending to portions of the Sydney property bubble that are exhibiting characteristics that may indicate future deterioration in credit risk. It has decided to cap the maximum loan to value ratio (LVR) in these higher risk suburbs (shown below) to 80 per cent. 2000 Sydney …

Residential property worth over $1 billion now under investigation by Foreign Investment taskforce

September 16, 2015 admin 33

Young foreign students on visas, with no income and who have purchased $5 million properties are just some of the 500 potentially illegal foreign real estate transactions currently under investigation by the Australian government. Federal Treasurer, Joe Hockey, today provided an update of the operations from the 50 strong task-force, …