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Reserve Bank ‘grappling’ with house price boom questions, internal documents show – ABC News
Australia’s central bank is “grappling” with questions about risky first-home buyers and a strong increase in home loans, according to meeting notes and internal…
Australia’s central bank is “grappling” with questions about risky first-home buyers and a strong increase in home loans, according to meeting notes and internal discussions about the nation’s white-hot housing market.
Key points:
- As house prices soar, Reserve Bank economists are wondering if first-home buyers are riskier than other borrowers
- Lending standards are tighter and approval times are blowing out
- A “good deal” of the HomeBuilder subsidy is bringing forward construction that would have happened…
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