The government tighten up the lending rules due to the 2008 financial crisis! The buffer the banks have in place are to cover rates rises correct, but also a larger deposit is required due to where prices are currently, there lays the problem, along with other criteria, but this isn't dealing with the problem it's just masking the bigger problem, there's a generation of young Aussies that won't be able to get a foot in the door due to overinflated property. Whilst its great for people who have property including myself before the covid demand, things are not well in the property market and the property industry is fully aware Be honest here you know, and others would know its way over the top, but the masses won't want their property value dropping after loading up on the back of equity and all-time low rates.
ZIP Price at posting:
$3.02 Sentiment: Buy Disclosure: Held
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