Business
Financial regulators monitor surging house prices – The Australian Financial Review
Financial regulators are closely monitoring the recent jump in house prices and are ready to clamp down on property lending if banks take on too much risk.
Financial regulators will more actively target credit growth, not house prices, when considering if they need to put the brakes on real estate loans.
At a meeting last Friday, the Council of Financial Regulators discussed credit conditions.
Commitments for new owner-occupier housing loans have increased strongly in recent months, consistent with most other indicators of housing market activity, the CFR said.
There has been some increased availability of mortgage finance recently, though lending…
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