General
House price, mortgage debt surge no cause for ‘immediate alarm’, says APRA
The financial system regulator has reminded Australians that it does not have a mandate to target house prices, or housing affordability.
Key points:
- The bank regulator said it does not target housing prices with its home lending policies
- APRA’s chair Wayne Byres said the current rise in home prices and lending is not alarming, but the regulator is not complacent
- If lending becomes more risky, APRA may intervene with fresh rules for banks
Instead, it said it is focused on the stability of the financial system, and house prices are simply a “risk factor.”
However, Wayne Byres, the chair of the Australian Prudential Regulation Authority (APRA), added that he is watching developments in the property market closely, given the runaway price…
Continue Reading
-
Noosa News24 hours agoQld CFMEU labels David Crisafulli’s vow to rid state of union ‘offensive and dangerous’
-
Business22 hours ago9 ASX shares including Nuix and PolyNovo dumped from ASX 200
-
Noosa News24 hours agoThree Bartender-Approved Peanut Butter Whisky Cocktails
-
Business23 hours agoGood rains mean this ASX 200 agricultural stock is tipped to deliver double-digit returns