Australia’s AAA credit rating at risk following cliff-hanger election
Australia’s trek to the polls on Saturday has resulted in a nail biting, too close to call result. At the conclusion of counting at 2am Sunday morning, the ALP had 67 seats, LNP – 65 and the minor...
View ArticleS&P fires first shot across bows – AAA rating placed on credit watch negative
Years of spending beyond our means has caught up with Australia today, with ratings agency Standard and Poor’s lowering Australia’s credit rating outlook to negative. While Australia retains its prized...
View ArticleDelinquent mortgages hit record highs in Western Australia, Tasmania and the...
It’s not just those struggling to break into the property market that need to cut back on smashed avocado with crumbled feta on five-grain toasted bread. Interest rates might be at record lows, but...
View ArticleSystemic mortgage fraud under investigation
Australia’s unprecedented housing bubble has forced a significant number of mortgage applicants to falsify loan applications, simply to get a foothold in the ever challenging market. A recent UBS...
View ArticleUp, up and away. Why are mortgage rates on the rise?
Australia’s property investors and debt slaves were in shock on Friday, when Westpac joined the ranks of smaller banks, significantly hiking mortgage rates out of cycle, on its fixed term loans....
View ArticleAustralian housing bubble too big for government to do anything about.
If there is one person that knows the severity of the Australian housing bubble and the repercussions for our banking system, it is ex Commonwealth Bank CEO David Murray. Murray more recently headed up...
View ArticleAustralian Banks placed on Credit Watch Negative
Credit rating agency Fitch has placed Australia’s banks on a negative credit watch, citing an increase in macro-economic risks stemming from the property asset bubble. Fitch indicated a key risk for...
View ArticleOnce you are in the Sydney market, you are set for life!
“Once you are in the Sydney housing market you are pretty well set then for the rest of your life,” It’s the claim of New South Wales Housing Minister, Anthony Roberts. The Sydney property market is...
View ArticleAPRA can’t wait for Basel IV, ‘Unquestionably Strong’
With a fire raging in the Melbourne and Sydney property markets, incentivised by emergency low interest rates, negative gearing and capital gains discounts, APRA has announced it can no longer wait for...
View ArticleAustralia’s Property Market “Safe as Houses”: Treasurer.
Earlier this week, Australia’s Federal Treasurer Scott Morrison reassured foreign lenders that “Australian housing values, while high, are still ‘real’.” “Safe as houses still broadly means something...
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