Property News · April 3, 2017

Australia’s regulators tighten check on loans as home prices and building approvals increase


Australian home prices hit new records while building approvals jumped the most in seven months, even as regulators launched new measures to cool the red-hot property market.
The country’s corporate watchdog said this week it was introducing a new round of industry surveillance to ensure banks and brokers were not recommending overly expensive interest-only loans to customers.
The move by the Australian Securities and Investments Commission follows steps announced last week by the banking…

Source : South China Morning Post
Read more…Australia’s regulators tighten check on loans as home prices and building approvals increase

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