Governor Lowe solemnly swears he is up to no good
Interested to know if the bank recalculates the LVR and what happens when the lvr is above the banks threshold
Our understanding is that LVR’s for banks don’t get recalculated UNLESS defaults rise.
As long as people can pay the mortgage then the show goes on. Once rates hit 2-3% we expect to find out where the pain point is with a 3-6 month lag.
I've been watching out for the word "bubble" in the media but haven't seen it yet. Still early days
Agreed mate, still more to play out. Once the friends at the bbq start to show signs of fear we will know we are close to a bottom.
Interested to know if the bank recalculates the LVR and what happens when the lvr is above the banks threshold
Our understanding is that LVR’s for banks don’t get recalculated UNLESS defaults rise.
As long as people can pay the mortgage then the show goes on. Once rates hit 2-3% we expect to find out where the pain point is with a 3-6 month lag.
I've been watching out for the word "bubble" in the media but haven't seen it yet. Still early days
Agreed mate, still more to play out. Once the friends at the bbq start to show signs of fear we will know we are close to a bottom.