Sky Business with Ticky Fullerton
Ticky Fullerton and Roger discuss the regulatory crack down on interest only loans. Roger mentions APRA’s recent changes and what this means for the property investors.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Eric
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Now I learned there’s so many reason why the real estate property prices will go down significantly. Just like you said,(1) change of investment strategy when interest starts to go up.(2) A lot of people might not able to service their debts (over stretched themselves. (3)Then there’s oversupply of apartments. (4) off the plan investors might find themselves unable to purchase their property after completion (the banks probably lowered the value of the property after its completion. (5)Negative gearing and capital gain concession will be reviewed. (6) Majority will have the same sentiment that it’s better to sell now yet majority of buyers lost their interest. .for now..