After the carnival-a calm interpretation of the meaning behind the ANZ New Deal | 财神
March 3 of this monthChanges in ANZ's two loan policiesExploded the circle of friends.
These topics have sprung up like bamboo shoots after a rain, crowding the front pages of major Chinese self-media, and making the real estate circle a full week.
As a real estate practitioner, I fully understand the meaning of "good news" for the entire real estate market. However, the two new policies of ANZ Bank are really like many media narratives, have banks begun to relax their lending policies?
The answer is no. There is no relationship between policy change and loan relaxation.
"First, let's take a look at what the original ANZ said:
|Effective Monday 25th March 2019, ANZ will be making the following changes to Residential Investor Interest only lending.|
From the original text, we can see that there are two changes in ANZ policy.
The first,Interest-only loans for investment housing can be loaned up to 90%.
Article XNUMX,Only the interest period of investment housing can reach 10 years.
First of all, these two new policies are aimed at the real estate market"Investment type"client. After experiencing the high-pressure restrictions imposed on banks by the Australian Banking Regulatory Commission in the last two years, the proportion of investment mortgages in the loan ratios of major banks has dropped sharply. This is whyAPRA cancels investment housing loan growth restrictionsImportant reason.
It is believed that the proportion of ANZ's investment housing loans at this time has basically reached equilibrium like other banks. So introduced"new policy"To catch some investment market"high quality"Of customers are in normal commercial marketing activities.
Second, the "New Deal" does not mean "policy relaxation".These two concepts must not be confused as a professional investor.
Why do you say that? The policy that 90% of investment housing can be borrowed is not the only one in the loan market for ANZ, but there are certain conditions that must be met to apply for such a loan.
For example: the borrower must have 5%-10% genuine savings, a very good credit record, a very stable working condition, and also use the payment LMI (also known as loan insurance) and the collateral in the bank's acceptance list, etc. .
Therefore, loan applicants who can borrow more than 90% have to go through the bank's detailed inspection.
Again, can satisfyExtend interest only to up to 10 yearsLoan applicants with this condition are even more premium customers. Because after 10 years of repayment of interest only,The remaining loan needs 20 years of principal and interest repayment, The bank isThe borrower's income and repayment ability will have higher requirements
Therefore, loan applicants who really have such conditions do not care so much about repaying interest only for 5 or 10 years, because they have enough conditions to on-lending to other institutions to apply for repayment of interest only for 5 years.
Nab has taken the lead in other financial institutionsDisclosure of the detailed liabilities of all customers in the bank, After July 7 of this year, other major banks will follow suitPerfect CCR(Comprehensive credit reporting)system. By then, the lender's detailed debt status, personal credit rating, repayment history and other data will be clear at a glance.
Although the New Deal cannot overstate anything, it does bring some positive small trends.
For high-quality investors, there has been a lot of price competition in the market, and banks have begun to open their arms to these people.What you will face is the healthiest investment environment in the last 5 years.
Thanks for reading and see you in the next issue!