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…
-
Noosa News23 hours agoLuxury caravan manufacturer Zone RV collapses into administration
-
General9 hours agoUber driver says rideshare app tells workers to flout road rules as bill introduced
-
General23 hours agoCase against teens charged over Adelaide shopping centre stabbing could move to adult court
-
General5 hours agoPerson in potentially life-threatening condition after wall collapses in Brisbane’s West End