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warrior88

Australia ahead of the curve

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https://www.dailymail.co.uk/news/article-6655489/Property-market-Half-home-loan-requests-rejected-big-four-banks.html

"Up to 50 per cent of home loan applications are being rejected by the big banks, with the availability of credit likely to be even further restricted in the coming weeks. 

Ray White deputy chairman Sam White said the banking royal commission, sparked in part by irresponsible lending, has created such uncertainly within the sector even credit teams were unsure whether to approve or reject loan applications. 

'There's no upside in saying yes, only downside, so it's easier to say no,' he told The Australian. "

Glad to know , Australia is ahead of the curve and property decline there is exciting especially due to banks curbing lending.

 

 

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2 minutes ago, neon tetra said:

The effects of Brexit know no bounds.

Brexit is responsible for everything everywhere. It knows no boundaries and has no limits!

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10 hours ago, warrior88 said:

https://www.dailymail.co.uk/news/article-6655489/Property-market-Half-home-loan-requests-rejected-big-four-banks.html

"Up to 50 per cent of home loan applications are being rejected by the big banks, with the availability of credit likely to be even further restricted in the coming weeks. 

Ray White deputy chairman Sam White said the banking royal commission, sparked in part by irresponsible lending, has created such uncertainly within the sector even credit teams were unsure whether to approve or reject loan applications. 

'There's no upside in saying yes, only downside, so it's easier to say no,' he told The Australian. "

Glad to know , Australia is ahead of the curve and property decline there is exciting especially due to banks curbing lending.

 

 

Nope. Oz is still behind the curve.

Its just got a lot more to fall than everywhere else.

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10 hours ago, neon tetra said:

The effects of Brexit know no bounds.

It's Project Fear. Foreigners just don't get our sense of humour.

Edited by Captain Kirk

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10 hours ago, MARTINX9 said:

Brexit is responsible for everything everywhere. It knows no boundaries and has no limits!

NO it is only responsible for ALL the BAD STUFF everywhere.

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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