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Housing boom has peaked, says Morgan Stanley&Ranger, page-14

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hawkers

3,404 Posts.

23/09/15

12:54

Post #: 16043665
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Originally posted by ooicomp ↑

HOME buyers' borrowing power could fall by as much as a third on the back of tighter lending standards, particularly for investors, analysts say.
PROPERTY investors have already been hit by repricing of mortgage rates amounting to a full percentage point, Morgan Stanley analysts say.

Australia non doc loan : When will the banks take action?

If they do take action, will the owner just abandon their properties like what happened in America during the GFC?

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Lol you do realise that our system is totally different to the U.S. and we can't just 'walk away'?? This is another reason why we won't have a crash US style.
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