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The Australian property market has come under pressure over the last few months with many experts continuing their trash talk. Many people forget that Australia has not experienced a recession for more than 20 years and is currently targeting the Dutch record for the most years without a downturn. This is the main reason why the Australian property market, particularly luxury property, has remained buoyant. Will the resolve of long-term investors be challenged in the short term? There is loan until payday growing concern amongst regulators in Australia with the monthly growth in property investor loans touching a one year high of 0. This is an issue which has attracted top billing in need cash now loan Australia with banking regulators extremely concerned about rising prices in the Australian property market. So, is Australian property investor loan growth really a problem? Cities such as Sydney and Melbourne have experienced significant growth in property prices in recent times. This was effectively the simplest means of no fax loans reducing the funding available to property investors across Australia and forced many banks to pull back from their aggressive marketing approach. This seemed to have an immediate effect on property investor loan growth which fell back to more manageable levels in 2016. However, a cut in Australian base rates in August last year undid much of this good work and demand began online payday loan direct lenders no credit check to rise yet again. There are very few people who would publicly support this type of approach in a capitalist market but in reality there was a very simple reason behind the limit. Therefore, loan until payday it is difficult to see how this growth in property investor loans could be maintained going forward without putting the Australian property market at serious online payday loans alberta risk. This figure would potentially leave too little room for error which is perhaps why the APRA decided to go for the higher limit. There is no doubt that the Australian property market has performed admirably over the last decade.


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Indeed many people forget that Australia was one of the only Western countries not to dip into recession when the US mortgage market collapsed leading to a collapse in the worldwide economy. Whether we like it or not, regulators such as the APRA have an obligation to police markets and ensure they are functioning efficiently. Whether introducing limits is the right way forward has been debated time and time again but what else could they do at the time? Property investment loan growth was running too far ahead of economic growth and general household income. At some point, as we have seen in countries such as the UK and some parts of Australia, prices simply become unaffordable to the masses putting the property market at the beck and call of investors. In countries such as the UK we have become accustomed to economic cycles which take in the dreaded recession. Did you know that Australia is just six months from beating the Netherlands record for consecutive years of economic growth? So, what does this mean for the Australian property market which continues to go from strength to strength? The Reserve Bank of Australia (RBA) has issued a downbeat note on the Australian property market which has hit the Australian dollar on the currency exchanges.

This is not the first time that experts have tried to talk down the Australian property market but is the first time for many months that the RBA has specifically highlighted potential risks associated with Australian real estate. The comments prompted a fall in the value of the Australian dollar on the currency loan until payday large unsecured personal loans markets and an increase in the price of Australian bonds which are seen as something of a safe haven. This may be a knee-jerk reaction but could we be standing on the precipice of the much rumoured and much forecast correction in Australian property prices? While Australia is a massive country by land mass it is worth noting that not all of Australia is habitable.

As a consequence, despite suggestions that property prices are rising too quickly there is seemingly constant demand. While the RBA certainly set the cat amongst the pigeons with its specific comments about the Australian real estate market there is nothing to suggest immediate concerns about the economy.


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If the RBA is concerned about the Australian economy, as the comments on the property market might suggest, you would expect some guidance on future interest rate cuts.

There was no such guidance forthcoming and with a particularly strong December quarter last year payday loans alberta it would be difficult to warrant any cut in interest rates.

While Australia loan until payday is very close to the record 26 years of consecutive economic growth achieved by the Netherlands, it is worth noting that Australia was one of few countries to avoid the 2008 US mortgage led worldwide crash. The mining and commodity sectors have given Australia a very strong backbone but there are also other up-and-coming industries such as finance, technology, etc. As the UK government looks to begin Brexit negotiations and a withdrawal from the European Union perhaps they should be looking towards Australia which has had a very proactive and ultimately successful immigration policy for many years now. It will be interesting to see whether Australia beats the longest running streak of economic growth achieved by the Netherlands. Despite the doom and gloom from many experts would you really back against further economic growth? The Australian real estate market has been thrust into the fast cash advance online political arena once again with shadow treasurer Chris Bowen highlighting some very serious issues.

There is a growing concern that the property market is adding further risk to the Australian economy and any property market collapse would be more detrimental to those towards the what do you need to get a payday loan lower end of the income scale than those towards the top. Even though the Australian real estate market has been a political football for many years, many of the issues which Chris Bowen discusses make perfect sense. This is a situation where an investor lends money from the bank in the knowledge that short to medium term gross income from the acquired property will not cover management and finance costs.

While there is obviously an emphasis on income in the longer term there is also a possibility of remortgaging at a higher level in the future thereby effectively stripping out the negative gearing effect.

It is also rather ironic to learn that Australia has a tax concessions system for the real estate market which is even more generous than that in the UK. A recent Australian poll suggested that there is support for curbing negative gearing and also reducing capital gains tax concessions for investors in real estate. Another area which is causing significant concern is the proposed use of superannuation funds for a house deposit. This is to all intents and purposes using pension fund money to cover deposit requirements at a time when the real estate market is being squeezed higher. This is something that the UK government has refused to even consider when asked the question because quite literally the massive flow of funds into the UK property market would banks that give personal loans with bad credit push prices to levels which were disconnected from the economy and almost impossible to maintain going forward.

When you bear in mind the average property in Australia increased by 12.

The idea that the government should step in again to control lending and try to reduce demand for property makes sense from a public point of view but does nothing to support the free-market policy which has been in place for many years. There is no doubt hotspots such as Sydney continue to attract demand from investors and workers in the region. While we have seen more interest in the suburbs as prices continue to rise, there is still strong demand in these areas as well. Experts and politicians have openly discussed their concerns about the Australian real estate market in the short to medium term and the fact prices cannot continue rising at the current rate.