Let’s say a property is being offered for sale at $800,000 and later sells for $1 million. Is it unfair to the vendor? No, they are pleased. Is it unfair to the buyer who paid $1 million? No, they are happy they bought the property. So who is being treated unfairly? Agents have to act […]
As from July 2015 AMP has stopped lending to investors for new loans. And on top of that AMP has increased the variable rate for investor loans by 0.46% with several other banks increased the rate on investor loans by 0.27%. The reason is supposedly stricter capital requirements as well as stricter APRA conditions.
Is this […]