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Mortgagee Property
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WESTPAC CLOSES AUSTRALIAN PROPERTY INVESTOR LOOPHOLE

Westpac is closing a loophole to stop property buyers using a combination of personal loans and mortgages to fully fund deposits, or top-up shortfalls if off-the-plan apartments are revalued by the bank at less than the purchase price. Borrowers will be prevented from evading the changes by taking out a personal loan with a competing lender. "We check the credit history of all loan applicants so any outstanding loans or applications with other banks are discoverable," the spokesman said.

http://www.afr.com/real-estate/westpac-closes-home-loan-loophole-20170130-gu1npg
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Chinese Money Laundering into Australian Property worth Billions

Chinese money laundering into Australian property is reported to $76.6 Billion in 2015-16 of which $3.36 is reported by AUSTRAC as ‘highly suspicious’ by the Australian money laundering watchdog, the Australian Transaction Reports and Analysis Centre (AUSTRAC)

https://mortgageeproperty.com/chinese-money-laundering-into-australian-property-billions.html
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China’s $3.3 billion rorting foreign ownership regulations

A total $3.36bn of suspicious financial transactions were reported in 2015-16 to Austrac, the funds-tracking agency, by banks, money remitters and other financial institutions, all related to funds flowing to and from China.

http://www.theaustralian.com.au/news/nation/chinas-dodgy-1-billion-in-property/news-story/ff9abde7689e2c863f3a25140747c2b0
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Australia off-the-plan apartment settlements: JPMorgan risk is challenging

Settlement of off-the-plan apartment purchases is one of the major risks facing listed property developers in the coming year, according to JPMorgan.

"The banks followed this by stopping lending to foreign purchasers," the analysts wrote in a research note this week. "There are pockets of oversupply which is where settlement risk is likely to be more challenging.

http://www.afr.com/real-estate/keep-an-eye-on-offtheplan-apartment-settlements-jpmorgan-20170124-gtxo3o

More articles at: https://mortgageeproperty.com/
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Why Australia mortgagee in possession ? Process for foreclosed property, foreclosure listings, deceased estate and repossessed foreclosed homes.

https://mortgageeproperty.com/why-australia-mortgagee-in-possession-foreclosed-property.html
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China's questionable GDP numbers: Why does it even bother?

The quality of Chinese GDP data is often questioned, given the National Bureau of Statistics can pull together all the threads of the world's second biggest economy into a coherent narrative just three weeks after the quarter ends and, lines up with President Xi Jinping's call at the World Economic Forum in Davos that it would be thereabouts. The admission this week from the boss of Liaoning province that the GDP books had been cooked for years has not helped matters.

http://www.abc.net.au/news/2017-01-20/china-questionable-gdp-numbers-why-does-it-even-bother/8198196
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Apartment Oversupply - Chinese developers surge back into Melbourne

Chinese developers roared back into Melbourne in the final five months of 2016, snapping up three-quarters of development sites as they shrugged off concerns about apartment oversupply, tougher planning rules and higher property taxes.

Read more: http://www.afr.com/real-estate/residential/chinese-developers-surge-back-into-melbourne-20170116-gtsb02#ixzz4W3ne2H75

More at: https://mortgageeproperty.com/
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Australia Real estate developers desperate: dodgy deals
A looming apartment glut could mean new opportunities for savvy investors aware of their increased bargaining power and how to use it. Rental guarantees, free appliances and upgraded fixtures, assistance paying stamp duty and help with deposits are some of the incentives being used by developers to complete deals.

http://www.afr.com/real-estate/real-estate-developers-desperate-opportunities-but-beware-dodgy-deals-20170104-gtlnux

Mortgagee Property Ltd (HK) is offering property developers an exit strategy as the Australian housing bubble bursts.

https://mortgageeproperty.com/australian-apartment-developers-exit-strategy.html
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Australia Super Fund Apartment Bubble: The apartment oversupply and correction is tipped to trigger an Australia-wide recession, is the Australian Superannuation Fund sector at Risk ?

https://mortgageeproperty.com/australia-super-fund-bubble-apartment-oversupply.html
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