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Auction or Tender, Price or No Price?
I was in a listing presentation last night and I was the third agent in. There was a lot of discussion around two key points, the price that could be achieved and the method of sale. The previous agents had argued extensively for their particular point of view. One strongly favoured no price and an aggressive Auction, while another was pushing the virtues of a fixed price sale with a tender s...
APRA finally makes changes to lending.
Today, the Australian Prudential Regulation Authority (APRA) has confirmed that it will proceed to adjust the mortgage serviceability assessments and remove its 7 per cent interest requirement. Financial institutions will instead be required to set the standard affordability measure at 2.5% above the loans variable interest rate. With many loans now offering rates around 3.5% interest this cou...
Our Team
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John Pratt
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David Stewart
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Leesa Stewart
