Ask Kevin Young Episode 80 - APRA and ASIC'S Effects On Loans

G'day!

In episode 80 of Ask Kevin Young I give the answers to an important question regarding ASIC and APRA’s new regulations. How will they affect renewing an interest only loan after a fixed term?

We should ignore the bureaucracy of what APRA is doing as it will soon correct itself. Right now we are getting less construction going on, which is affecting employment, less Development Approvals and Building Approvals which is affecting the council’s income from fees.

All of this is will gradually be corrected, we just have to wait for Turnbull to wake up and put the pressure on the banks to pass on rates. Who is running the country?

Regards,

Kevin Young