Mar
20
`Bubbly’ Australia Housing Market May Lead to More Lending Curbs
By-
Surging prices, record debt create heightened risk, APRA says
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Prices ‘out of whack’ with historical norms, ASIC head says
Australia is facing a period of “heightened risk” in the housing market, the nation’s top banking regulator said, amid rising speculation further lending curbs may be imposed to cool runaway housing prices.
Australian Prudential Regulation Authority Chairman Wayne Byres said that while he refused to ever use the “B-word” — referring to a bubble — “if everyone isn’t careful, the risk in the system is going to rise.”…
`Bubbly’ Australia Housing Market May Lead to More Lending Curbs
