Your Investment Property forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Real estate agent predicts people could walk away from deposits

Notify me of new replies via email
Your Investment Property | 11 Dec 2015, 04:40 AM Agree 0
Real estate agency predicts people could walk away from deposits next year, as purchases become too risky in 2016
  • HomeLoan KnockedBack | 11 Dec 2015, 11:19 PM Agree 0
    This could be amplified by the new APRA regulations in which off the plan buyers find they can't actually borrow the money they need to complete the purchase either, even if they do wish to complete the purchase. This could be due to the fact that banks won't value the property high enough to warrant the full balance for settlement plus the fact that their borrowing capacity has now been calculated at over 7% interest not in fact the current low 4s that are advertised.
Post a reply