Business
No need to curb home lending: APRA, Westpac – The Australian Financial Review
Westpac chief executive Peter King has backed the prudential regulator’s resistance to curbing home lending, saying surging property prices are not apparent across…
Home buyers were mostly looking for detached dwellings, leading to a fundamental mismatch of supply and demand that was sending prices higher, Mr King said.
We are very focused on the part of the market thats hot, which is detached housing, and apartments arent quite as hot, he said.
We are watching with our fellow regulators. Its something to keep a close eye on.
Wayne Byres, APRA
APRAs Mr Byres and Westpacs Mr King will both speak at The Australian Financial Review Banking Summit on Tuesday, with…
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