Business
NAB’s Phil Chronican tips loan curbs amid ‘completely unprecedented’ housing boom – Sydney Morning Herald
NAB chairman Phil Chronican says mortgage lending curbs would make sense if regulators wanted to take some of the heat out of the housing market.
National Australia Bank chairman Phil Chronican says mortgage lending curbs would make sense if regulators wanted to take some of the heat out of the booming housing market, which has been ignited by ultra-cheap debt.
But the banking veteran says any such move to put the brakes on housing lending would only have a temporary impact on house prices, which are ultimately being inflated by inadequate supply and cheap money.
NAB chairman Phil Chronican:Credit:Paul Jeffers
With house prices last month…
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