In July 2015 there were major lending changes in Australia which mainly impacted property investors (as opposed to home owners). We discuss these changes and how they may affect you.
Hey, guys. Ryan here from OnProperty.com.au, helping you find positive cash flow property. There’s been some major changes in lending in Australia this month of July, 2015. Across the board, for investors, it’s becoming harder to get lending now due to these new guidelines that have been put in place by APRA.
And so, I’ve got Ben Everingham with me from Pumped On Property. He’s a buyer’s agent and we’re going to be talking through these changes and giving you guys a summary in layman’s terms so you can understand exactly what’s going on and how it’s going to affect you.
Ryan: Hey, Ben. Thanks for coming on today.
Ben: Good day, guys. Sorry to be the bearer of not-so-good news today.
Ryan: [inaudible 00:37] out there. I’m not a mortgage broker or financial adviser so none of this should be considered mortgage or financial advise. This is for educational purposes only.
http://onproperty.com.au/301 – View the full transcription and audio version of this episode.
http://onproperty.com.au/free – See real positive cash flow property listings