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Recent changes in the home loan sector
If you are an investor, you must be following all the changes in the lending sector. This has been going on for a while and you can read my June article here - in case you missed out on what was happening. A week or so ago, I attended a session conducted by one of the lenders and here are some points that I picked up from the economist. There could be a rate cut by the Reserve Bank of Australia (RBA) in November 2015, which could see cash rate as low as 1.75%. This will then stabilise and remain there for a while. Apparently, businesses are growing and this is evident from the increased job ads on different job websites. I guess this is good news for the Australian economy and those of you looking for a job! As for investor lending, I heard some interesting news on how it came to all the changes that are being made currently. There are three regulatory bodies trying to control the investor lending - APRA, ASIC and RBA. Australian Prudential Regulation Authority or APRA is focusing on