Australia Residential Property A Bubble Ready to Burst

1. Australia Residential PropertyA Bubble Ready to Burst? Mark Bouris, Executive Chairman Australian Financial Investments Corporation (AFIC), founder and Executive Chairman Wizard Home Loans Thanks for having me back again after last year. The previous speaker Brendon Crotty has covered some of the key drivers in the property market. You have invited me here for an anecdotal view and I had a speech prepared but based on Monday�s quarterly monetary statement policy by the Reserve Bank and subsequent market commentary I have changed my presentation to look at the issue of credit � how it has helped fuel the property boom and how responsible credit lending practices will, in most sectors and certainly in the bank sector and Tier 1 Non-Banks, weather any bust. So I have a new title to this presentation Thanks for having me back again after last year. The previous speaker Brendon Crotty has covered some of the key drivers in the property market. You have invited me here for an anecdotal view and I had a speech prepared but based on Monday�s quarterly monetary statement policy by the Reserve Bank and subsequent market commentary I have changed my presentation to look at the issue of credit � how it has helped fuel the property boom and how responsible credit lending practices will, in most sectors and certainly in the bank sector and Tier 1 Non-Banks, weather any bust. So I have a new title to this presentation

2. Lending Criteria for Tier 1 Non-Bank LendersA Credit Perspective