Dawn chorus: March's mortgage madness
New lending up 37.9% to $10.5b in March from Feb as home buyers rushed to get in before LVR limits returned; Most see the splurge as over, especially since the March 23 tax deductability shock
TLDR: It turned out March was a simply crazy month for home buyers, mortgage brokers and banks as they all rushed to buy properties before the full return of LVR restrictions. Most see the splurge as over now, given the Government’s March 23 announcement of the removal of interest as a taxable expense for landlords, albeit on existing properties.
New mor…
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