Apr
11
Australia’s Home-Lending Curbs Could Hit Wrong Target: NAB
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Demand is momentum-driven as prices keep rising, NAB CEO says
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Executive performance now measured by customer satisfaction
Australian regulators need to be careful tougher home-lending curbs don’t lock people who can afford to buy a house out of the property market, the chief executive officer of National Australia Bank Ltd. said.
The Australian Prudential Regulation Authority last month tightened restrictions on interest-only loans, which are favored by property investors, as surging home pricesstoke concern of a housing bubble…