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How the RBA could dampen investment property purchases, page-5

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poyndexter

40,079 Posts.

448

19/08/16

20:53

Post #: 18562591
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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 ...

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Rebs

Beats me why the RBA would want to inflict such pain and for what gain?

Dex
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