Property investors battered by a 'perfect storm' of falling prices and tighter credit

In the heady days of the property boom, as big city house prices jumped ahead in leaps and bounds, investors reigned supreme, swatting away first home buyers with their superior purchasing power.

He wants Westpac to extend his interest-only loan on a property bought well before the Sydney and Melbourne property boom took off. Analysts are divided about just how much further the royal commission-induced lending slowdown has to go. Investors have also been singled out by banks for bigger interest rate hikes. On average, loans to investors have gone up by 57 basis points more than loans to owner-occupiers.

. We are seeing good changes for Australian society. Labor's policies on neg gearing & cap gains, as well as banks' tighter lending on interest only loans, reduce investor demand but grandfathering won't hurt existing investors. But new devs still get perks. Better for society.

Proves the point that any fool can make money in a bull market.

Forcing the under 40’s to be stuck renting to pay off other people’s bad and over indulgent investments - that’s all that is happening. 🙄

wow, who could have seen this coming

Negativity of press is not helping the property market so narrow minded reporting can’t you report on the new mining boom here or President Trump meeting with Korea and he’s nearly finalized the deal with China’s d the stock exchange Wall Street is pumping good news if you look

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Property ‘bloodbath’ could see house prices fall 50 per centHouse prices in Sydney and Melbourne could fall by up to 25 per cent this year alone and “there’s a chance they could fall by half” in the coming “property bloodbath”, an economist has warned. And it took until the 1950s for home prices to recover to pre-1890s’ levels EagleOnEagleSt Articles like this become self fulfilling prophecies. Just like the ones that stoked the boom
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Suburbs where property investors should sellProperty investors who have adopted a “buy and never sell” mentality could be costing themselves money as they “blindly” wait for the prices to rebound. Motionislotion1 Yes Frank Chung, media negativity and click bait headlines aren’t helping anyone
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Reserve Bank says falling house prices will not derail the economyRBA governor Philip Lowe says there's a larger risk facing the economy than falling house prices The Govt need to collect proper tax from global companies because the average Aussie can’t keep footing the bill for the infrastructure these Globals use here.
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Why falling house prices do less to improve affordability than you might thinkIt's natural to assume that a downturn in the property market is good news for people who've been priced out of the market. In practice, they might still not be able to buy a home. Fact - it's a safe bet that anyone claiming the price of housing falling is a bad thing for everyone stands to lose some of their commission as a result. 'shit... the poor might be able to afford housing...' - 'No fear.. we can still stop them ! ' Can you say GFC ?
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The property market is flooded with houses — but no-one wants to buy themWith vendors dropping their prices and still struggling to sell their properties, new data shows there are more properties on the market and they are staying there for a longer period of time. But buyers are still reluctant, or unable, to take advantage of it. *everyone who didn't get into the property market before it went completely stupid silently raises their hand* Probably Labor's fault. No one want to buy them, because they're already up to their eyeballs in crippling debt.
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