The two tiered growth evident across Australia’s property markets continues with Sydney and Melbourne still on turbo boost. However there is some indication that auction clearances are easing off. The recent clamp down on investment lending by APRA could cause further easing however it could have a damaging impact on regions that have not enjoyed the recent boom.
Another area of concern is the off-the-plan market where approximately 90,000 units are under construction. A significant number of buyers would have been aiming at a 90% LVR and may now find themselves seriously struggling to find that kind of lending in the current market. We do have a few options available but suggest you get your finance sorted sooner rather than later.