Is Australian Housing Experiencing A Credit Crunch?

With the tightening of lending criteria over recent years by lenders there is increasing use of the phrase ‘credit crunch.’  A formal definition of ‘credit crunch’ is inherently loose, however, looking at the data and commentary from the banking regulator APRA, although dwelling values are falling and credit growth has reduced, the term ‘crunch’ might be a little overzealous.

Since late 2014 Australia’s banking regulator APRA along with the Council of Financial Regulators…