PROPERTY Market reacts to CBA independent Inquiry by APRA. Bishwas Bhattarai, Senior Lending Manager M. Comm. (Banking & Finance) UNSW, Dip. Fin. Plan. 29 August 2017 Australian Prudential and Regulatory Authority (APRA) have decided to set up an inquiry in nation’s largest Bank Commonwealth Bank of Australia (CBA). It comes amid the latest money laundering and bad practise that recently been highlighted. It is alleged that local and overseas criminal syndicate and drug trafficker may have used its smart deposit ATM to launder millions of dollars out of this country. Australian Transaction Reports and Analysis Centre (AUSTRAC) also has filed a...Read More
Author: Bishwas Bhattarai
PROPERTY Interest rate reduction on Interest Only Loans – Likely Bishwas Bhattarai, Senior Lending Manager M. Comm. (Banking & Finance) UNSW, Dip. Fin. Plan. 28 August 2017 Following the mandate from APRA back in March interest only lending has been under scrutiny over few months. During, the last few months we have seen most of the lending institution have jumped in the band wagon and increased interest only rate especially with investment loans. In a bid to encourage the principle repayment. The mandate to have the Interest only new lending growth not to exceed 30% of portfolio was introduced...Read More
PROPERTY Caution Ahead: Transition from Vendor to Buyer’s Market Bishwas Bhattarai, Senior Lending Manager M. Comm. (Banking & Finance) UNSW, Dip. Fin. Plan. 06 June 2017 Sydney, for the first time in the last 3 years has seen the negative quarter with the house price. Experts are already calling out this is well and truly the end of property boom for this time. This quarter decline of 1.7% from Core Logic is showing the trend is the first in the last 16 quarters. There is no doubt the housing affordability is in peak in both the major capital city...Read More
PROPERTY Auction Clearance : What is the Fuss. And Wrap. Bishwas Bhattarai, Senior Lending Manager M. Comm. (Banking & Finance) UNSW, Dip. Fin. Plan. 28th May 2017 We all have fallen in love with auction clearance rates over the years and has been talk for Monday morning. Auction clearance rate may not give the full picture but is one of the best ammunition tool that helps us to gauge the market with short time frame. Firstly, not all property are listed on auction especially today only one is six to seven properties are listed on auction. Other properties and...Read More
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