Mortgage Rates

ANZ Ups The Ante In The Mortgage Wars





We search at the ANZ’s house loan amount cuts, and contemplate the implications. Will charges even now go greater for present debtors?

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28 comments

  1. Be fwaaaaarked if I know anyone with $80g savings looking for a mortgage lol 😂
    Pipe dream in Australia IMO

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  2. Desperation from the banks. They know the 20 year bubble is bursting…..their Ponzi schemes cannot continue without new borrowing.

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  3. On a slight tangent a quarter of all single dwellings sold in California are for cash. It is one indicator used to track foreign buyers as California does not record foreign property buyers statistically. https://youtu.be/obC2WQCiiSw. Your frequent highlighting of the deficiencies in keeping accurate statistics,, let alone trying to understand what they are telling us, could easily include other countries. Let's not scare the horses seems to be a universal mantra.

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  4. Good luck with a 20% deposit on these prices!

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  5. Can you do a detailed episode of how to become part of the fractional reserve system – how a lender becomes a lender

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  6. Where are we in sydneys property cycle now? I keep hearing we're at the top but the peak of the boom was around october last year and prices have dropped since then.

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  7. Focuses on the news not the hair brush

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  8. There targeting people with money now lol 20 percent deposit buy now not later. When the prices of houses come down makes no sense to me looks like the banks are a bit counterproductive.

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  9. Thanks martin for your quality insight. What are your thoughts beyond the big banks? How about mortgage brokers (e.g. the likes of Mortgage Choice and AFG) and hype on P2P lending, which will both cater to loan seekers (LVR >80), as well as take market share from the big banks? Tic toc recently raised $11.5m in its series b round, and earlier in the year you had uno home loans and athena raising big money as well.

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  10. Most FHB don't have 20% deposit so difficult to get these less than 80% LVR deals

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  11. When will the Bank Bill Swap Rates (BBSW) get high enough for them to need to increase interest rates?

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  12. Next move is for them to relax the lending criteria to let people extend their interest only loans and increase their borrowings. Disaster averted and the can is kicked down the road.

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  13. I recently noticed there are 3 major scammers as so-called property mentor who were very active on all the social media. Here is how these REAL criminal gangers looks like for all your people watch this video: https://freedom360.com.au/about-us/ https://iloverealestate.tv/about/ https://binvested.com.au/nathan-birch-2/

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  14. There will always be suckers for teaser rates of a few years and then a burden for decades… 😆😄
    Some people just have to learn from experience.

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  15. Is it only banks that have the ability to use the fractional reserve system, non banks will be using other savers money to loan out money so have to pay interest to the saver from interest charged to those taking out loans. The non banks will become at a risk in the coming events. The interest charged by the banks is their gross profit, they have no counter expenses, as they creat money when they generate someone’s loan.

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  16. That’s one way of looking at it , what I see is the ANZ is looking for a better quality customer, its a strategic move for the coming 20% to 50% housing value down turn.

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  17. Martin, what is a good source to know suburb house prices in Melbourne? Seems Melbourne western outer suburbs house prices are still increasing.

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  18. PUBLIC will not 'bite' since the culture of 'await a fall in prices' (like the 1990's) before they obtain a loan.

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  19. Bait rate to me, anyone who is naive to bite on it, deserve to be eaten, sound like pressure from the regulator as well as they a FASLE belief that owner occupier loan are more solid than investor loans. It could be a mirage as property investor shift to owner occupier loans to gouge lower rates. Overall bank share price have been taking a tumbling, and more announcment of job losses across the Industry this year to clean up balance sheets, shows that the bank business models are on shakey grounds, bull on the US and bear in Asia. 60% of business in housing, that is reckless, where is the diversification, to protect your assets and wealth? Hong Kong who have an over price housing market bank loan books are 15% on housing, you need 50% deposit before even speaking to a bank, bank should be offsetting bad loans off their books and increasing saving rates (capital) as insurance against head winds. CEO are looking to protect their bonus…

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  20. Welcome to the start of the silly season….the poly's, regulators and banks are not going to disappoint…going to new levels of stupidity.

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  21. Lambs to the slaughter. First home buyers are going to be encouraged to prop up the Ponzi scheme with all sorts of incentives including FHOGs.

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  22. Thanks Martin. Maybe this is simply part of the wealth theft agenda aimed at the byuers who have a reasonable amount of cash?

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  23. Well well! After market favouritism…….. Pay up you scurvy boys!

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  24. Thanks again Martin. You did say, towards the end, "many borrowers could benifit". You should have added that new low end borrowers should research the current market trend, referred one of your previous videos and make a decision on whether to buy now or latter down the track. I'm concerned low end borrowers might jump on the opportunity of lower interest without full understanding of future prices. just my opinion but keep the content flowing and the subs ticking over

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  25. “The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.

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  26. Who is providing the money for these loans? Is it the AOFM?

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  27. I am still hurting from that deplorable propaganda bloke with the moustache crooked bankster add on the set! Its a real pain…uuugh

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  28. first again!!!

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