Business
Brakes on loans ‘more likely than not’ as house prices rise, says ANZ boss – Sydney Morning Herald
The bank chief said property prices would remain “well supported,” which could ultimately force policy interventions to cool the market.
There are reasons to believe that house prices will remain reasonably well supported, he said. Were not predicting a house price correction or anything.
The comments, which are consistent with predictions from other market observers, come as the government looks to roll back responsible lending obligations. Banks say the change will save customers time, but it is opposed by Labor, the Greens and consumer advocates, who warn it could add more fuel to the housing market.
On Friday, a Senate committee…
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