Property News · April 5, 2017

Australia’s banking watchdog will take action on debt inspired bubble in housing market


Australia’s banking watchdog said on Wednesday that authorities can and will take further action if needed to stop a debt-fuelled bubble in the country’s red-hot housing market.
Wayne Byres, chairman of the Australian Prudential Regulatory Authority (APRA), said measures announced last week were aimed at promoting prudent lending and borrowing practises, and not to determine housing prices.
Last week, APRA asked banks to limit new interest-only lending to 30 per cent of total new…

Source : South China Morning Post
Read more…Australia’s banking watchdog will take action on debt inspired bubble in housing market

You may also like...