Property News · April 16, 2018

Australian home prices could fall further as banks tighten loan rules


A toughening of lax lending standards in Australia is threatening an already cooling property market.
An inquiry into misconduct in the financial industry is likely to lead to greater regulation of the nation’s A$1.6 trillion (US$1.2 trillion) mortgage market. Banks have routinely relied on an unrealistically low estimate of homebuyers’ living expenses, and a more genuine assessment of spending could reduce borrowing power by as much as 35 per cent, according to UBS Group analysts….

Source : South China Morning Post
Read more…Australian home prices could fall further as banks tighten loan rules

You may also like...