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08 June 2016 @ 09:59 pm
Here's me having a whinge  
So, you know, feel free to go about your day without this. But uurgh I feel off; my face is itchy and my nose won't stop running, and I'm sneezing all the time. It's totally the wrong time of year for hayfever but here I am with all the symptoms. Again. I was hoping the weekend's rain would settle things down but it really hasn't.

And that roadwork at the bottom of my street, that was to go until 3rd June? The signboard has been updated, now, to the 18th. Oh joy.

On a positive note, a pamphlet arrived tonight, explaining some changes being made to a few spots that are known for traffic snarls and/or difficult access, on and off the local motorway. They're really good, positive changes, which should eliminate a number of trouble spots and make my trip home from work a bit quicker too. Hopefully those roadworks will be done at night also; I think they'd have to as there'd be a riot if they decided to work on the motorway access during peak traffic flow.

On the work front, all of the big banks have pulled back on non-resident lending recently, leaving us and a couple of other small players still doing it. We have been swamped with applications, to the extent that the decision was made to restrict our non resi stuff as well. I was appointed as the non-resi go-to person and all deals had to come to me first, to be vetted, and I had to then advise our Compliance officer who would try to verify the documents that had been provided. That's the hardest thing about non resi stuff; it's so difficult to verify the validity of say a Malaysian payslip.

I had a really straightforward one today, for a South African couple buying an apartment in a Melbourne suburb; sent it off to the mortgage insurers expecting a quick approval but instead got a phone call telling me that the mortgage insurers had made the decision just today to pull out of covering non-resi stuff. Which means that the three other deals I still have on the go will need to be canned as well. I do feel sorry for the brokers, whose livelihood is affected by this, and also for the purchasers who in most cases signed contracts a couple of years ago, buying these apartments off the plan, but I totally understand why we're all pulling back all of a sudden. I feel even sorrier for our BDMs who have to have the argument conversation with the brokers.
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Strike while the irony is hot: [EMATE] CUPPAdraycevixen on June 8th, 2016 04:56 pm (UTC)
I don't have allergies but I do have trouble with my sinuses sometimes so you have my sympathies. ♥
miwahni: Pros BD tablemiwahni on June 9th, 2016 10:47 am (UTC)
I think your sinus problems would be worse :-( Hayfever at least I can take antihistamines and move on. (but thank you ♥)
sunray45: B&D Cornwallsunray45 on June 9th, 2016 07:14 am (UTC)
The air has been so dry, well until last Friday and Saturday, and now we're back to Summer today, The really dry air could have had something to do with your allergies.

I thought all that non-resi stuff was to stop the big boys buying up land for CSG exploration, although it's a bit hard for young couples to buy housing when cashed up non residents buy property.
miwahni: Pros BD tablemiwahni on June 9th, 2016 10:51 am (UTC)
It could be the dry air - I know I was fine over the weekend but went down in a heap again on Monday.

The government controls foreign investment in land - when dealing with residential properties, prospective purchasers have to have approval from the Foreign Investment Review Board and they can only buy new properties, not established. Banks have been pulling back on lending though because of fraud - Westpac in particular uncovered a lot of fraud in its non-resi loans. We're only a smallish concern and don't have the huge reserves of a bank like Westpac, so if it's too risky for them, we have even less appetite for it.