Comments from Corelogic's head of research re credit policies...

Comments from Corelogic's head of research re credit policies following the royal commission.

"Credit policies aren't likely to be relaxed," said CoreLogic's head of research Tim Lawless.

"Borrowers who could have borrowed money for housing finance six months ago will find it more challenging, especially if they want interest-only loans, or are buying for investment purposes."

He predicted that values will continue to fall slightly in Sydney and Melbourne, "where the strongest growth has been, and where investors have been most concentrated".
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I can't understand the strategy of GRR to get into property development with such small players. I wonder which party is supplying the project funding and who bears all the risk?

For the full article on the ABC website.

http://www.abc.net.au/news/2018-05-...ket-royal-commission/9713738?section=business