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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.


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BFCSA: Tighter bank rules could put pressure on housing prices

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Tighter bank rules could put pressure on housing prices: Tribeca’s Sean Fenton

The Australian 5:16pm April 12, 2018

Samantha Bailey


Tighter regulation on banks prompted by Royal Commission findings and the Australian Prudential Regulation Authority’s new lending controls could put downward pressure on house prices, according to Tribeca portfolio manager Sean Fenton.

Mr Fenton said he’s somewhat bearish on the housing market, saying that credit availability, rather than population growth, is the number one driver of housing prices.

And income growth, interest rates and lending standards are the main factors determining the flow of credit, Mr Fenton said.

“And out of those, income growth isn’t really doing too much, interest rates are about as low as they can go and the rest of the world is tightening, so there’s a big question mark through the exchange rate, whether the RBA is forced to raise interest rates or not,” he said.

“But even despite that, a tightening in lending standards is going to reduce credit availability to housing, it will reduce loan sizes and that directly impacts the ability of the marginal buyer to pay for a house so that puts some downward pressure on pricing.”

His comments follow the implementation of APRA’s new lending restrictions early last year, requiring banks to limit the number of interest-only loans to less than 30 per cent of new business, as part of an attempt to cool the property market by limiting investor lending.

“It’s also fair to say that our housing market, despite having been very stable over a period of many years and very resilient, also it’s been aided by the Reserve Bank cutting interest rates, is structurally less stable than it was 20 or 30 years ago,” Mr Fenton said.

“That’s most evidenced by the way APRA has reacted to the proportion of interest-only investor loans going on, so if you compare it to 20 or 30 years ago, there’s a significantly higher proportion of investors within the housing market and, of those, far more have interest-only loans.”


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