Australia's largest stock trading and investment forum Australia's #1 stock forum

How the RBA could dampen investment property purchases, page-2

First 2 Last

Share
Profile

Follow
lispingduck

7,302 Posts.

15

19/08/16

20:27

Post #: 18562483
Share

Originally posted by rebel1 ↑

Say an Investor has a good income to service a loan... The investor has $50k (plus $$ for fees) in cash or collateral . Banks lend 95% so effectivley he can look at a Million dollar property...

The RBA changes the rules and puts a maximum of 90 lend.. this investor now can only look at a $500 k property... and if the RBA wants to tighten even more make maximum borrowing 80%... The same investor can only look at properties at $250k....

China did it... second property 50% deposit third no borrowing ...

Expand

Credit created the boom and credit will eventually create the crash.
3 Upvote

Reply

Top Stories

BRU

Buru sinks -8% on adjusted Rafael Gas Project timeline aimed to 'reduce risk'

Unemployment expectations correctly called today's 4.3% rate

GDM

Great Divide 'rapidly evolving' into commercial miner with first Challenger pour

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Pretty boring day, but we're back in the 8,600s

First 2 Last

SPONSORED BY