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Murray Inquiry will hurt first home buyers, says real estate association

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Australian Broker | 10 Dec 2014, 06:52 AM Agree 0
As David Murray’s Financial Systems Inquiry strives for efficiency, resilience and fairness in Australia’s financial services sector, the recommendation that major banks hold more capital to protect against economic shocks has been touted as unfair
  • Awesome - Albert | 10 Dec 2014, 10:57 AM Agree 0
    I disagree, sounds like Lenders are being asked by APRA and ASIC to hold higher reserves against riskier loans. That could see a repricing of Interest Only loans and loans to investors who traditionally default more often. Then end result could be cheaper loans for First Home and Owner Occupier Loans whose default rates when the lending is done prudently is traditionally less.
  • Denise Brailey BFCSA (Inc) | 10 Dec 2014, 09:52 PM Agree 0
    Spot On Awesome Albert! First Home Buyers will get a better deal. 30 year Interest Only Low Doc Loans should not be sold to first time investors in any case. We need some common sense here. Especially the elderly on low incomes.
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