So, interest rates remain on hold by the RBA at 1.50%. With an inquiry into the financial sector, it would be a very brave bank that raised interest rates at the moment. What we are now seeing is APRA growing some teeth that is supporting the muscle it used to slow investment lending and a recognition that some practices were perhaps a little too easy for some borrowers to access loans.Read the Full Article
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The land sales market for 2012 has proven to be extremely difficult for every major developer in Queensland. A recent survey undertaken by The National Property Research Co. demonstrated that only one firm of the 13 surveyed actually made budget in terms of their sales forecasts from January to December. The next closest was a 13% shortfall through to a whopping 50% shortfall.
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