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But on the up side they are identifying bank lending as the prime cause and I think you will agree.
Agree with what?
I should read Macrobusiness more often. They must read my posts!
Quote:
So what would Australia’s version of macro-prudential look like? At this stage it appears that the RBA/APRA are unlikely to follow the Reserve Bank of New Zealand’s approach and implement loan-to-value ratio (LVR) limits. These are perceived as being too blunt and having a particularly detrimental impact on first home buyers, who struggle to raise the necessary 20% deposit.
I should read Macrobusiness more often. They must read my posts!
Seems like I was just saying the same thing.
When mild increases in interest rates don't work (and put further mortgage stress on FTB with huge mortgages), I wonder what the RBA will do next, gee I wonder what increaseing intrest rates will do to the $AU
Using interest rates is the blunt method, it may be a learning curve for the RBA but they will get there!
When mild increases in interest rates don't work (and put further mortgage stress on FTB with huge mortgages), I wonder what the RBA will do next, gee I wonder what increaseing intrest rates will do to the $AU
Using interest rates is the blunt method, it may be a learning curve for the RBA but they will get there!
The RBA has identified Aus Bank lending standards to speculative buyers causing an imbalance in the market, which is jibbrish for there is a housing bubble., BTW LVR ratios effect investors not just first time buys.
So what do YOU think they are "going" to do, Jedi mind tricks?
The RBA has identified Aus Bank lending standards to speculative buyers causing an imbalance in the market, which is jibbrish for there is a housing bubble., BTW LVR ratios effect investors not just first time buys.
So what do YOU think they are "going" to do, Jedi mind tricks?
Increase the interest rate buffer like I've said about 5 times in this thread.
Sorry I will rephrase that question, so what do you think the RBA will do to ultimately solve the problem
Why don't you tell me what the effect of the RBA's imminent increase in interest rates will be on the dollar? You seem to be under the erroneous impression that interest rates are about to rise. Maybe also explain how an increase in the interest rate buffer will increase interest rates. You seem to be so well across the issue.
Also you should be aware that many of the new developments north of Brisbane are now coming with fibre optic internet networks. But, it will be eons til that new fangled technology works its way out to us up in them thar hills (you pays yer money and you takes yer choice)
We are not going to get it for eons either, and that's 6km from the CBD
Last edited by danielsa1775; 09-24-2014 at 04:10 AM..
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(you pays yer money and you takes yer choice)
