This Week In Australian Property #16
Lead story this week is the new rules being put in place by APRA to restrict lending, particularly on interest-only loans. Prepare for more changes to come through from the banks as they look to balance their loan portfolios.
A staggering number of homes need to be built in Sydney in the next 20 years – check out the current planning discussions in place to cope with this growth.
I’ve included some renovation inspiration and tips for you for any DIYers as we get nearer to the Easter and Anzac Day break period.
Auction clearance rates remain high this week with less properties available, and include the sale of a warehouse used in a number of Offspring episodes.
Lastly, we continue our broker profiles with a focus on Dien Le this week. Go to our website to find out a bit more about him.
Trending this week
APRA Tightens Bank Rules To Restrict Risky Lending
Interest-only loans will be restricted to 30 per cent of total new residential lending.
Where Can Sydney Put It’s Next 725,150 Homes?
A 40 per cent increase in housing is needed by 2036! Where will they be built?
Tips To Design A Small Kitchen
Jenna Densten (formally on The Block) and current renovating her home, chats about designing a small kitchen.
6 Quick And Easy Home Updates For The Long Weekend
With Easter approaching, we share some quick and easy home renovation tips.
Warehouse Conversion Featured In Offspring Sells Well Above Reserve
An Offspring apartment sells over the weekend in a market which continues to show strong auction results.
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