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Sydney’s next wave of change: $87bn of Infrastructure Projects

Sydney will be a 30-minute city by 2056. The NSW government recently announced a 3-city plan.

The next 10 years will see a significant shift in the City. Sydney’s new Greater Sydney Commission is preparing Sydney for the next wave of change – the creation of three separate cities; the Eastern City – with Sydney CBD as its focus, the Central City with Parramatta as its focus, and the Western City with the Western Sydney Airport as its focus.

These cities will be fully functioning cities connected by major infrastructure projects by 2056.

Understanding of each of these infrastructure projects in Sydney and the key drivers for business and commerce in each of the three cities is key to understanding the future property investment options across the region.

Ensure you speak to a professional today regarding any potential property investment decision.

Carl Thompson – Commercial Lending Specialist, Strategic Investor Group

Housing investor loan cap ‘reaching end of useful life’: APRA

The banking regulator has signalled it could ditch its 10 per cent cap on lending to property investors as the measure is “probably reaching the end of its useful life”.

Smaller lenders have criticised the 10 per cent cap for holding back competition.

The marketplace would welcome APRA addressing the cap’s current settings in order to improve competition, which will ultimately benefit the consumer.

Under pressure from regulators, banks have also in recent years overhauled their systems for assessing customers’ incomes, their debts, their cost of living, and their sensitivity to higher interest rates.

Now is the perfect time to seek professional advice if you are considering property investment.

Carl Thompson – Commercial Lending Specialist, Strategic Investor Group

Competition heats up among lenders for first home buyers and investors

Softer conditions in home lending are prompting the country’s banks, whose loan portfolios are dominated by residential mortgages, to target growth opportunities in specific customer segments, including property investors and first home buyers.

Under the Australian Prudential Regulation Authority’s rules to dampen the housing market, no more than 30 per cent of new bank home loans can be interest-only, and banks’ housing investor loan books can grow no faster than 10 per cent.

The big four banks are now all well below these caps after various moves to increase interest rates and tighten credit.

Now is a great time to invest in property and source a great financing package in a highly competitive marketplace.

Carl Thompson – Commercial Lending Specialist, Strategic Investor Group

Corporate Partners, Valued Relationships & Communication  

In an environment of constant change, how strong are your valued relationships with your strategic business partners?

Are you able to pick up the phone and speak to your valued partners, as and when you need them? How quickly do your valued business partners respond to you when you reach out for assistance?

Within the financial services industry, we are finding that response times continue to extend beyond what should be fair and reasonable.

What took 24 hours, now takes a week. What took a week, now takes a month. These constant delays end up costing your business both time and money.

If delays occur are you kept up to date? Do your strategic business partners communicate with you by articulating the reasons for the delay, and the timeline surrounding resolution of your request?

At Strategic Investor Group your strategy advice, lending advice and property advice comes with an In-The Loop guarantee. You will never go more than 48 hours without a detailed update regarding your specific requirements.

–  Carl Thompson – Commercial Lending Specialist, Strategic Investor Group