I had some friends over for dinner last weekend, and we got to talking about the property market and how can you stay on top of what’s happening.
Especially in this fast paced property movement that is happening right now.
A couple of us turned around and said “apps my friend, apps.”
You may be wondering why you just received a letter from your lender telling you that the interest rate on your investment loan has just gone up and be thinking ‘did I miss something’? No one said anything about rates going up when the Reserve Bank (RBA) made their announcement recently.
We are all well aware the good guys at the banking regulator, the Australian Prudential Regulation Authority (APRA) are expressing concern that investment lending is too high.