Australia Eases Lending Rules

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

In a monumental shift in policy, Australia eases lending rules and has decided to do away with the credit Act and remove the responsible lending guidelines in a bid to open up the credit market. Back in August 13th, 2020, Property Magnets proposed a solution to the worsening economic crisis.

Here’s the excerpt from the particular part of the article I wrote back in August:

Indices up. Safe Havens (like gold) down. All the shorts picked up by SMART Money (because SMART money buys when dumb money sells) and the rest is history.

Now then… (in Alan Watts style), what is the sum total of all this dirt?

It means, the market has become highly predictable now. More than ever before. The agenda is clear. Back on the 14th of July, I wrote about a possible second wave hitting NZ. Lo and behold, we’ve got it. She wants to postpone the election and if by super majority at Parliament, they agree to move it out to next year, then I will guarantee you that there will be more subsidies and money coming to every household in NZ. Why? Because she needs to keep those numbers (unemployment, Negative GDP etc.) down to stand a chance of winning a second term.

So what is the solution?
More money. Yes. I know, I’m traditionally against QE but this is not the time to hold back. Banks must be INSTRUCTED, not advised, bloody INSTRUCTED to open up credit.

So its good to see that Josh paid attention to this narrative and with more pressure of a similar kind from other respectable and awake market commentators, has decided to do away with the responsible lending guidelines.

What does this mean for you?

Well, expect to see refinancing and borrowing to buy properties get a tad easier. If I was you, I’d stop reading this article, signup for the webinar below and then pick up the phone and call your friendly mortgage broker to see how you can buy 15-20 properties in a space of 7 or 5 years or less.

Remember, the trick isn’t just getting access to money. It’s also about finding the right properties, in the right location, at the right time – which is what you will learn in the webinar.

It’s free. Sign up. If not now, then when?

No money down real estate

15-20 Properties in 7 Years or Less

HOW TO BUILD A PORTFOLIO OF CASH FLOW RICH PROPERTIES AT SPEED AND SCALE, USING THE CURRENT OPPORTUNITIES FROM AN IMPLODING PROPERTY MARKET

MULTIPLE SESSION TIMES AVAILABLE.

More Webinars

We have now got all our webinars in one place. Choose the one that’s most relevant for your present circumstances and take action. The worst you could do right now is to do nothing, knowing that there’s an opportunity for you to use the current crisis to your advantage.

Like this Article?
Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a comment

Other Recent Posts

What is your money worth
Market Watch

What is your money worth?

In today’s world, it is important for everyone to consider a wealth growth plan. With the current shape of the economy and the legislative changes taking place around Property Investing, what was once a sure shot way of creating wealth is no longer as simple as it once used to be.

Read More »
House Prices Shooting Up - STILL
Market Watch

House Prices Going Up Or Coming Down?

House Prices and the consensus across Australia and New Zealand is confusing, to say the least. In an environment where MSM can no longer be trusted to bring forth the truth, what choices do property investors have? Not many.

Read More »
Wealth Creation in 2021 - Things that make you go Hmmm
Market Watch

Wealth Creation in 2021 – Things That (should) Make you Go Hmm

Wealth creation in 2021 is about to look quite different to anything you may be used to when it comes to real estate and alternative investing strategies. In this article, which comes after the bloodbath seen in the markets post US election dramas, you’ll gain valuable insights into what’s around the corner.

Read More »

Exposing the inconvenient truth

Like what you’re reading? Get an inside scoop of the latest, relevant and politically incorrect truth about the market – stuff that’s going to help you understand the facts – in plain English – no central banker jargon, no B.S.

Meaningful, Current, Unbiassed

We update our market watch blog only when there’s something meaningful and essential to talk about. Ours is not a blog that publishes content just for the sake of it. Hence, you can subscribe to our blog updates with confidence that you will only receive an update notification when there’s something worth reading about.