RBA sounds alarm over off-the-plan properties
The RBA sounds alarm over off-the-plan properties because of lenders minimizing their risk on this type of asset. “The Reserve Bank of Australia has warned that settlement risk on apartments purchased off-the-plan may have increased as a direct result of the stricter criteria that banks are now applying to investor housing loans. In its Financial […]
Falling Australian Dollar Wakes Up Overseas Buyers
Falling Australian Dollar Wakes Up Overseas Buyers The Australian Dollar has fallen considerably from recent highs. It peaked against the US Dollar at $1.1080 back in July 2011 and over recent months has started to fall back to its current level of around 95 cents – or a drop of almost 15%. Some analysts are […]