There’s a serious problem in Australia at the moment as property owners all around the country are getting low evaluations!
I don’t think it’s any coincidence, I reckon that there is a credit squeeze happening around the country, but nobody is talking about it.
In this video I’m getting to the bottom of who’s responsible, but in a nutshell, APRA are forcing the banks to become more solid, and have more money, but where are they going to get it? From Mr & Mrs homeowner! The banks get the evaluator’s to give low evaluations and tell you that you need to put more money into your deposit.
The government need to do something about it, but watch the video to see what I think we can do.
I’m going to be touring the country with Property Club’s upcoming Property & Lifestyle Workshops. I’d love to see you at one of these events – click here for more information.
P.S You can also listen to our episodes on our Podcast – The Kevin Young Show
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