In this episode, we discuss a recent blog written by Ed with 3 speculative scenarios that would make the property market heat up.
These are:
- The maximum mortgage term lengthening from 30 to 35 or 40 years
- The bank's test interest rate falling from 7% to 5%, and
- The LVR restriction for investors of existing properties relaxing to 75%
In each scenario, we also walk through the quantifiable impact that would have on home buyers ability to borrow.
We also mention the Opes Partners Instagram. Every few days we release a new carousel post that teaches you something new about the property market.