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In this episode David Johnston, Cate Bakos and Peter Koulizos take you through markets starting to open up, why values won’t drop, but rental yields may not be so lucky. How ASIC has allowed switching to interest only without a full affordability assessment and mortgage repayment pauses.
ASIC has provided confirmation to lenders that a change from principal and interest to interest only repayments can be made if a consumer requests to reduce their repayments and in the short-term.
Nila Sweeney from the Australian Financial Review, published her exclusive overnight, for which David Johnston provided some insights, in her article “No breach for lenders as homeowners switch to interest-only.”
With so much misinformation out there, to share with you some of the better articles and data we have digested recently. Our goal is to help you ‘cut through the noise’ and provide snippets of the ‘light at the end of the tunnel’, to educate and empower you, our clients and readers, to make great property, mortgage and money decisions.
Here is our pick of the best: April 7
1. Australia may have passed infection peak
2. Europe races to start mass testing, ramp up medical production
3. Lives will be saved if data about COVID-19 virus is published
4. Peak Virus: Forecasting the Peak in COVID-19 Infections in the US and Australia
5. Don’t push too hard, too fast, PM warns on restrictions
6. Free child care during the coronavirus is a dream come true. But what will it cost our educators?
7. Genetic Signatures up 12pc on COVID-19 test approval
If the rate of infections continue to reduce, the jungle drums will beat faster and faster to open up the economy, as it increasingly appears that we are on the other side of the infection trajectory.
The inherent risk is that the reduction in infections may not last after we re-open economic activity. This means we may have spikes over the year until testing of those carrying the anti-bodies can be done en masse and anti-viral drugs are proven to work and available in large quantities.
With so much misinformation out there, to share with you some of the better articles and data we have digested recently. Our goal is to help you ‘cut through the noise’ and provide snippets of the ‘light at the end of the tunnel’, to educate and empower you, our clients and readers, to make great property, mortgage and money decisions.
Here is our pick of the best for this week: Mar 30-Apr 3
1. Australia’s virus testing rate leads world
2. CSIRO begins testing COVID-19 vaccines on ferrets
3. The public urgently needs more clarity on virus data
4. Calls for rental subsidies for tenants, rent pause criticised
5. Wage subsidy to ease mortgage stress, ‘minimise’ defaults
6. Coronavirus eviction ban: Industry calls for details on moratorium
7. The banks are acting decisively in a time of national crisis
8. How a resilient financial system is cushioning the viral shock
9. Property under fire: tenants, property owners and older Australians bear brunt of Covid-19
In this episode, Cate, Dave and Pete take you through the unaddressed impact to landlords, how self-funded retires relying on rental income could be assisted. Why now is the best time to refinance to get your risk management strategy in place. The implication of government stimulus.
