As you would have probably heard, APRA, the Australian banking regulator, has given notice to all lenders that they want to rein in the proportion of “risky” interest only loans. On the 31st of March APRA introduced a new cap…
The headline act of the 2017 budget, announced last night, was a new bank levy that aims to raise $6.2 billion over the next 4 years, with many already calling this a coordinated strike against the Big 4 and Macquarie.…
Over the last 6 months, we have seen the trump effect take hold of the Australian mortgage market. Immediately following the election, the 3-year Bank Bill Swap Rate (BBSW) moved upwards in the area of 0.50%! - (the BBSW contributes…