Episode # 67 - Important considerations for your future lending needs

The fallout from the Royal Commission could cause house prices to fall.

All the major banking economists have come out to share their views. UBS believe that access to credit will tighten impacting future house price growth. Median residential property prices in Melbourne and Sydney are expected to drop by up to $1000 a week this year with additional falls in 2019, according to Shane Oliver, chief economist for AMP Capital. Nearly one million Australian households are estimated to be in mortgage stress, according to Digital Finance Analytics’ Mortgage Stress Update for March 2018.

The Royal Commission has been focusing on the due diligence of the lenders assessment process. No doubt, they’ll apply further influence across responsible lending requirements and outcomes. These upcoming changes are outside of your control and they will have an impact. So today, we’ll walk you though some of the changes taking place. Secondly, we’ll talk about the stuff that you can control to put you in the best position to grow the largest asset base you can with the money you can afford.

#rethink #reinvent #rentvest

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