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Sydney-centric property focus is futile

Sydney is not Australia. There, I’ve said it.

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Just a small fact check. Gavin Hegney said today on ABC Radio that Banks are now assessing loan applicants on the basis of the ability to service a loan at 7% even though rates are 4%. Interest only loans are being more heavily sucritinised as well.

Subiaico
Tim is post on with his opinions here. Also the 7% assessment is correct for some banks assessment mainly for investors , Gavin said from memory . He appears to concur with Tim also . Once the market falls in Sydney all that is left is the debt ,sometimes at , or above , the changed value. That's where it's unfortunate for people .

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