Loanscape in the Media
ABC Nightlife – Mortgage stress surging – August 2023
According to the latest home-lending data, there's been a spate of forced sales as people who purchased at ultra-low interest rates during the pandemic period find they can no longer keep up with surging mortgage repayment, after nearly a year and a half of almost continuous monthly interest rate rises. The real estate listings often tell the tale of these "distressed listings", with terms such as "urgent sale", "desperate seller", "mortgagee in possession" thrown about. Bruce Carr, independent Mortgage Broker and Principal of "Loanscape" joined Philip Clark on Nightlife to look at what you need to sort your mortgage out and answer listener questions.
ABC Nightlife – Mortgage incentives are they what they seem? – April 2023
Banks and other lenders offer sweeteners to draw in new customers or attract other bank customers to come over to them. As the impact of rising interest rates and higher inflation is felt by many across Australia, home loan lenders are rolling out offers and incentives to attract first-home buyers and those refinancing. Incentives include free internet plans, energy-saving deals, and frequent flyer points. Bruce Carr, independent Mortgage Broker and Principal of "Loanscape", joined Philip Clark to discuss what is good value, what might not be, and what you should be wary about.
The Business – Are mortgage refinancing incentives worth it? – April 2023
With interest rates rising at the fastest pace ever, there is a refinancing boom going on, with a record almost $20 billion worth of loans remortgaged in February alone.
Lenders are trying to win customers with a range of incentives.
Loanscape Principal, Bruce Carr assisted Emily Stewart with this story on ABC’s The Business programme pointing out the potential pitfalls with refinancing too often.
ABC Nightlife – Tips to beat rate rises, mortgage prison and cliffs – January 2023
Yet another RBA interest rate rise is anticipated in February, with an expected 25 basis points hike. What can mortgage holders do to ease the pain - apart from staying home, spending nothing and working out how best to tighten their fiscal belt?
ABC Nightlife’s Philip Clark was joined by Loanscape principal Bruce Carr to discuss what those with a mortgage, or those contemplating one, can best do to deal with repayment dilemmas, present and future.
Fixed rate home loans are at their lowest ever — but they come with a catch – November 2020
Interest rates in Australia have plumbed new depths since the Reserve Bank's monetary policy announcement on Melbourne Cup Day. Bruce Carr discusses how this has impacted demand for home loans.
ABC’s The Business Interview – Bidders busting the reserve for homes under the hammer – September 2019
Spring auctions hot in Sydney and Melbourne, why bidders are busting the reserve for homes under the hammer. Loanscape’s Bruce Carr lends his thoughts.
Source: Video Content by the Australian Broadcasting Corporation
Too many Australians still taking on too much debt: ASIC inquiry – August 2019
ABC reporter David Taylor investigates the methods banks use to work out whether potential borrowers can pay back a loan and why the Banking Royal Commission found so many banks getting it wrong. Loanscape’s Bruce Carr sheds light on the difficultly banks have in figuring out a borrower’s ability to pay back a loan.
Buying a house or apartment? Here's how lenders calculate how much they're willing to lend you – April 2019
As part of the ABC’s personal finance series, reporter Lucia Stein investigates the process of getting a mortgage. Loanscape’s Bruce Carr shares his experience of how prospective borrowers are assessed.
Is a sledgehammer about to hit property investors? – September 2018
Excellent multi-faceted analysis by ABC Business Reporter, Stephen Letts on what might be in store for the property market. Quotes extensively from Bruce Carr's analysis of changes to investor borrowing capacity.
RN Breakfast Interview – Economists warn despite falling prices, many Australians can't afford to own a home – August 2018
Loanscape's Bruce Carr was interviewed by David Taylor on ABC's RN Breakfast Program on why many young Australians remain priced out of the property market and the factors driving the downturn in investment lending.
ABC’s The Business Interview – The Interest Only Loan Crunch – August 2018
Loanscape's Bruce Carr was interviewed on ABC's The Business for a report by Rachel Pupazzoni on why thousands of borrowers are now switching away from interest-only home loans to escape higher interest rates, and to take advantage of discounts being offered on principal and interest mortgages by many banks.
Source: Video Content by the Australian Broadcasting Corporation
ABC’s The Business Interview – Buyer Beware – January 2018
Loanscape's Bruce Carr was recently interviewed on ABC's The Business for a report by Michael Janda on how financial planners, accountants and mortgage brokers are being offered thousands of dollars in payments to push clients towards off-the-plan investment properties.
SOURCE: VIDEO CONTENT BY THE AUSTRALIAN BROADCASTING CORPORATION
Home loans: Here's how you can make sure you don't borrow more than you should – September 2017
Loanscape's Bruce Carr recently contributed to an article by journalist, Lucia Stein published on ABC National News Online on 15 September 2017.
PM Interview – More evidence Australia's booming east coast property market has peaked – June 2017
Loanscape's Bruce Carr was again interviewed on ABC's PM program by David Taylor discussing evidence that Australia's east coast property market has peaked. Does this give a little more hope to home buyers they'll be able to secure that property they've had their eye on?
PM Interview – Official figures show loans to property investors accelerating again, at the expense of owner-occupiers – March 2017
Loanscape's Bruce Carr was interviewed on the ABC's PM program by David Taylor talking about "rentvestors"- the trend for new home buyers to enter the market as investors. This presents an interesting challenge for market regulators.
ANZ Grow Magazine Article – Is buying off the plan still a good idea? – November 2016
Loanscape Principal, Bruce Carr contributed to an article by journalist, Gayle Bryant published in ANZ Bank's Grow Magazine November Issue.
ABC Interview – How can Gen Y actually get into the housing market? – October 2016
In October 2016, Bruce Carr was interviewed by ABC's Jessica Haynes about the current state of the housing market, the issues Gen Y face when looking to enter the market and how to deal with them.
ABC’s The Business Interview – Home loans under the hammer – June 2015
In June 2015, we were asked to contribute to an ABC story on APRA's attempts to rein in investment lending. Michael Janda summarised the changes, and also looked at lending standards and what ASIC is doing to maintain them with its very limited resources.
Source: Video Content by the Australian Broadcasting Corporation.
Loanscape has today released its Borrowing Capacity Index for Q2/2024. It shows that the borrowing capacities of Australian individuals and families have stabilised after the sharp decline over the past 2 years. Lower income borrowers continue to be disproportionately impacted by interest rate increases: the family income required to qualify for the average size loan in Australia is 35% higher than 2 years ago.