There's nothing more powerful than access to cheap capital.
We have cheap capital, but now access is being tightened.
What will this do to the market? For example, has the Brisbane "catchup" been cut off at its knees? Will this have as much of an impact to the Sydney market as the vendor tax back in 2003(?)? Will this encourage investors to sell down particular types of properties? Or does this only really affect hardcore investors, which potentially make up an almost insignificant portion of the market?
Would be curious to hear what you guys think about this.
What sort of impact will all this tightening of serviceability have on the market?
We have cheap capital, but now access is being tightened.
What will this do to the market? For example, has the Brisbane "catchup" been cut off at its knees? Will this have as much of an impact to the Sydney market as the vendor tax back in 2003(?)? Will this encourage investors to sell down particular types of properties? Or does this only really affect hardcore investors, which potentially make up an almost insignificant portion of the market?
Would be curious to hear what you guys think about this.
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