November 2015 – Who crashed the economy?

Oops. Banks find $50bn of Investor mortgages under the carpet

November 5, 2015 admin 101

Australia’s investor led housing bubble could be worst that first thought. The Reserve Bank deputy governor, Dr Philip Lowe, today revealed the central bank has been concerned about the banks significant upwards revision on investor mortgages. Reviews over the past 6 months has found $50 billion in investor mortgages incorrectly …

Foreign Chinese priced out of Sydney property boom

November 2, 2015 admin 33

Foreign Chinese buyers may now be priced out of the booming Sydney and Melbourne property markets according to Real Estate agency PRD Nationwide. In recent weeks, market players have noticed a gradual pull out of Chinese buyers and are racking their brains to understand why. The worrying pull out for …