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International concern on Australia's mortgage lending

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Australian Broker | 08 May 2014, 08:06 AM Agree 0
The OECD has rung alarm bells to keep close watch on rapid growth in house prices and mortgage lending, and urged the RBA to take a leaf out of NZ's book
  • Old Broker | 08 May 2014, 10:22 AM Agree 0
    My opinion on house prices and the activity is more out of demand than speculation. Borrowers are now buying in areas where they like to live and also in most instances stay for long period of time. Any real estate that is out of a major city centre or reliable transport links is exposed and areas that are limited job prospects has to be carefully considered and also LVR should be at most 80%.
  • Time for change | 08 May 2014, 12:16 PM Agree 0
    Comfortable & affordable Housing (like food, clothing & education) should be a basic right & not the priviledge it is becoming. It seems our economy is driven by making housing as expensive as possible so that the rich can get richer & keep the less fortunate well, in less fortune.
  • John Broker | 08 May 2014, 01:45 PM Agree 0
    This is the same Moody's that presided over and were complicit in the ratings mess that led to the demise of the US mortgage market, and the GFC.
    Along with Standard and Poor's these clowns should either be in jail or out of business.
  • Brado | 09 May 2014, 09:27 AM Agree 0
    limiting maximum LVR will slow down the growth of housing prices, and also mean that only people with massive deposits can buy them. Not that many people are able to save 20% deposits, so it really is making property an elitist asset class.
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