Aug
03
Australia Slams the Brakes on Property Investment
By-
Banks raise interest-only loan rates to meet regulatory target
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Sydney quarterly house-price growth slows to 2.2%, data show
One of the key engines of Australia’s five-year housing boom is losing steam.
Property investors, who have helped stoke soaring home prices in Australia, are being squeezed as regulators impose restrictions to rein in lending. The nation’s biggest banks have this year raised minimum deposits, tightened eligibility requirements and increased rates on interest-only mortgages — a form of financing favored by people buying homes to rent out or hold as an investment…
Australia Slams the Brakes on Property Investment
