Brick to the Future: Property Investment Show

S2 E24 Proposed relaxing of lending laws: why they're a big plus for property investors

March 23, 2021 OpenCorp Season 2 Episode 24
Brick to the Future: Property Investment Show
S2 E24 Proposed relaxing of lending laws: why they're a big plus for property investors
Show Notes

In this special episode of BRICK TO THE FUTURE, OpenCorp's Director of Investment Services, Michael Beresford, explains why proposed relaxing of lending laws are a big plus for property investors.

Michael unpacks the origins of the current lending laws and how they were brought in, in the wake of the Global Financial Crisis.

He looks at a recent announcement made by Federal Treasurer, Josh Frydenberg, who says it's time to overhaul the nation’s lending rules, and explains why this represents good news for borrowers, including property investors.

{ NOTE: This episode is sourced from an article on our blog. }

"Credit has been called the lifeblood of an economy, and it’s an essential part of our recovery from the financial battering that COVID delivered in 2020," says Michael.

"That’s why we at OpenCorp are keeping a keen eye on the Federal Parliament as it weighs up proposed changes to responsible lending laws.

"If the amendments go through, loan approvals for property investors should become far more streamlined. This is good news for investors as the financing aspect of buying a property has been a potential stumbling block in recent years," Michael says.

Companion article: Proposed relaxing of lending laws a big plus for property investors - read it on the OpenCorp blog.