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May 2019 Loan Market updates

By: lionel0 comments

Australia’s Dwelling Values Fall Half A Percent In April As Rate Of Decline Continues To Ease

Dwelling values across Australia continued their downward trajectory in April, falling by half a percent over the month to be down -7.2% over the past twelve months and -7.9% lower since peaking in September 2017. Although housing values are broadly trending lower, the rate of decline has been easing since moving through a monthly low point in December last year when national dwelling values fell -1.1%.

Full article by Tim Lawless from Corelogic
https://www.corelogic.com.au/news/australias-dwelling-values-fall-half-percent-april-rate-decline-continues-ease?fbclid=IwAR0zDtZ5BXVHt2cZMc7E2rM3FIWhJVCFDTaxmUvDPh5JeMarSku-Y-yK894

SHIFT IN LENDING PATTERNS
2019 Non-Major Bank Roundtable

Read more below:
https://www.mpamagazine.com.au/sections/features/2019-nonmajor-bank-roundtable-262322.aspx

 

Macquarie Perspective: Tim Lawless, CoreLogic

With the federal election only a week and a half away, housing affordability is proving to be a hot topic. In our latest Macquarie Perspective interview, we speak with CoreLogic’s Tim Lawless on how the results of the election may impact the housing market.

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CLIENT REVIEWS

  • Had a client review sitting in my mailbox from 2018 while organising my contents, thank you Carol for your trust in me
  • Few successful settlements last month and few more in May. Approvals are mostly smooth and within a reasonable timeframe. Bank policies similar as last month. Few new pre-approvals and client conversations last couple of weeks. Was quieter due to Easter and Anzac day break

The Reserve Bank of Australia has announced its decision on the official cash rate for this month following speculation from certain economists and commentators about a potential cut.

Despite some of the predictions about a cut for May, the Reserve Bank has decided to leave the official cash unchanged at 1.50% for the 32nd consecutive month.

Prior to the RBA announcement, St. George senior economist Janu Chan said it would be a close call for the RBA this month.

Whats your thoughts on the June cash rates?

#rba #cashrate #interestrate #homeloan #firsthomebuyers #investor

DOORS SHUTTING FOR SMSF LOANS?
NOT AT LIONEL FINANCE

This Heart Health Week, we are supporting the Heart Foundation and ALI Group alike to raise the alarm and to raise awareness on heart disease and heart related illness in Australia.

This week, I have made changes to my day-to-day by walking everywhere as much as I can for meetings, Learn more about the heart health epidemic in Australia here –

http://info.aligroup.com.au/e/212442/2XR2l2A-/23f76l/204819827?h=8Wfc0XbvRUue8by0wrgAXCtpMVmaxKWg5XPDBB3GoJ8

THANK YOU ALI GROUP FOR THE INVITE TO MFAA EXCELLENCE AWARD NIGHT AT THE HILTON

CONGRATULATIONS TO ALL INDUSTRY WINNERS AND NOMINEES

EVERYONE IS A WINNER FOR DOING OUR BEST FOR OUR CLIENTS

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