Nick Bendel

Nick Bendel is RateCity.com.au’s property editor. He is an experienced journalist who has written for a range of real estate and mortgage publications. He covers property prices, rental trends, housing finance stats and home loans news. He loves getting elbow-deep in the latest ABS, APRA and RBA data.
  • Interest rates are rising. In the past few weeks, ANZ, Commonwealth Bank and Westpac have hiked their rates. So have ING, Suncorp Bank and Adelaide Bank. Your buyers might find this hard to accept, given that the last time the Reserve Bank increased the official cash rate was in November 2018 – almost eight years ago. If your buyers ask…

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  • Don’t let the Reserve Bank’s inactivity fool you. Interest rates are actually rising. That might seem strange. After all, the Reserve Bank has left the official cash rate at a record-low 1.50 per cent since August 2016. The last increase came way back in November 2010 – and some economists believe the next one might not occur until 2019 or…

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  • There’s been an important development in Australia’s mortgage market that real estate agents need to be across. APRA, the banking regulator, recently told lenders to be wary of letting investors borrow at “very high debt-to-income levels” – which it defined as any mortgage more than six times their income. Although APRA didn’t categorically ban loans above this six-times-income benchmark, banks…

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  • No, you’re not going crazy – investors really have been piling out of the market in a big way. The latest seasonally adjusted figures from the Australian Bureau of Statistics prove the point, with investment lending in March 2018 falling to its lowest level since January 2016. The value of investment finance commitments dropped 9.0 per cent over the month…

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