The cost of money – can you service your debt?

Steve Waters and Victor Kumar say there’s one fundamental rule behind property investment affordability: if you can’t afford it, don’t buy it. Sadly, rising house prices, subdued income growth and unmanageable household debt have led the Australian Prudential Regulation Authority (APRA) to cool Australia’s hot property market by clamping down on interest-only loans and tightening investor lending. In the latest episode of Investing Insights, the team from Right Property Group partner up with host Phil Tarrant to explain what this means for buyers, what it takes to be financially responsible, as well as their thoughts on the ‘speculative investor’ and why some people shouldn’t be investing at all. For more information on these changes, tune in to the latest episode of Investing Insights! From Series 2 of Investing Insights with the Right Property Group, the podcast is now located on the Smart Property Investment Podcast Network, which you can find here on iTunes https://itunes.apple.com/au/podcast/smart-property-investment-podcast-network/id1062491621?mt=2 or listen on https://www.smartpropertyinvestment.com.au/podcasts/right-property-group. Did you like this episode? Show your support by rating us on iTunes (Investing Insights) and by liking and following Right Property Group and Smart Property Investment on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today or any topics of interest you have in mind, feel free to email editor@smartpropertyinvestment.com.au or questions@rightpropertygroup.com.au for more. www.smartpropertyinvestment.com.au www.rightpropertygroup.com.au