Comments on: Bank on Property Bust & Flight of Bankers http://www.energyefficienthomedesign.com.au/2009/04/bank-on-property-bust-flight-of-bankers/ climate change, energy resources and the big picture: an Australian perspective on global issues Sat, 24 Dec 2011 04:50:10 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Daniel Boon http://www.energyefficienthomedesign.com.au/2009/04/bank-on-property-bust-flight-of-bankers/comment-page-1/#comment-109 Daniel Boon Sun, 24 May 2009 00:37:50 +0000 http://www.energyefficienthomedesign.com.au/?p=339#comment-109 If you mean the loans made to elderly / retired people against the equity of their home, then I believe the impact will be felt further down the track, as the servicability of these loans put a ceilng on the loan to value ratio. It is unlikely that bankers will directly buy such properties, but it would be an interesting exercise to review the number of family trusts drawn up over the last 10 years or so and be able to cross relate the family trust ownerships against senior bankers name and or spouses maiden names. Another interesting thought (you stimulated) is the practice of a British Lender who advanced - against Australian properties - money against future capital growth and how the people who invested in these Lenders will have seen their money disappear. If you mean the loans made to elderly / retired people against the equity of their home, then I believe the impact will be felt further down the track, as the servicability of these loans put a ceilng on the loan to value ratio.

It is unlikely that bankers will directly buy such properties, but it would be an interesting exercise to review the number of family trusts drawn up over the last 10 years or so and be able to cross relate the family trust ownerships against senior bankers name and or spouses maiden names.

Another interesting thought (you stimulated) is the practice of a British Lender who advanced – against Australian properties – money against future capital growth and how the people who invested in these Lenders will have seen their money disappear.

]]> By: Earl http://www.energyefficienthomedesign.com.au/2009/04/bank-on-property-bust-flight-of-bankers/comment-page-1/#comment-107 Earl Sat, 23 May 2009 12:44:23 +0000 http://www.energyefficienthomedesign.com.au/?p=339#comment-107 While on the subject of homes I'd love to know the number of reverse mortgages that banks have on their books. They were pushing these quite hard just over 12-18months ago. If its a big enough number thats going to further impact house prices when they start unloading them. Or will bank managers snap them up themselves as investment properties, or maybe they will become executive incentive rewards if the share scheme changes proposed in the budget get adopted. While on the subject of homes I’d love to know the number of reverse mortgages that banks have on their books. They were pushing these quite hard just over 12-18months ago. If its a big enough number thats going to further impact house prices when they start unloading them. Or will bank managers snap them up themselves as investment properties, or maybe they will become executive incentive rewards if the share scheme changes proposed in the budget get adopted.

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