Property Lies, Distortions And Social Consequences…

If you look at the data on property, and specifically mortgage lending, there is something lurking in the woodshed. It is simply this. Mainstream bank lending has become the preserve of wealthier, older borrowers, with a combination of lending rules, risk aversion, climbing asset prices, and rising living costs locking younger, less wealthy Australians out of the housing market. This despite the promise banks are here to help, and the claims across the media and socials that property is now booming. The rationing of credit is dressed up under the guise of responsible lending, following the Royal Commission review which […]