Waiting For The Crash…

March 7, 2023

I cannot count the number of times in my 25 years of mortgage broking I have heard the “I’m waiting for the crash” reason for delaying a buying decision.

First – EVERY buyer (me included) hopes for property to be “down” 5 minutes before they buy and then “up” 5 minutes after they have bought.

Read more

APRA, The Reserve Bank and Interest Rates

October 29, 2021

The Reserve Bank has cut rates to low levels to encourage borrowing.

This is a good thing.

The strategy has worked.

Housing and construction are the backbone of our economy – because they generate so much employment and activity.

House price has increased – and that in itself is not a bad thing.

Read more

Catch Your Breath – What is Happening.

August 8, 2019

The scene is now set for the rest of 2019.

I give credit to the Reserve Bank and the Government for pre-empting.

The Reserve Bank cut rates by 0.5% (0.4% of which was passed through) and the Government passed tax cuts through to everyone.

What was the background? The two big ticket items – Brexit and the US China Trade War.

Read more