Economists say APRA’s new lift to the borrowing interest rate buffer will slow house price growth and is effectively an interest rate hike.
News
APRA clamps down on borrowing
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07 October 2021
The regulator has stepped in with new rules that make banks check if borrowers can afford repayments if the interest rate was 3 percentage points higher than the loan product rate, which is a rise from the 2.5 per cent previously.
Non-bank lending to small business on the rise
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30 September 2021
A new Productivity Commission report has found that non-bank lending is on the rise.
A new round of lending restrictions are on the cards to ease surging house prices
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29 September 2021
Hot housing markets around the country look set to attract a crackdown from the Treasurer Josh Frydenberg.
Melbourne city offices effectively sitting empty until lockdown lifts
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17 September 2021
Melbourne’s city office towers are basically sitting empty as the state capital rides out the current coronavirus lockdown.