Reserve Bank of Australia (RBA) Financial Stability Review – housing unbalanced, discussing steps via ForexLive

  • Housing unbalanced, discussing steps with regulators
  • Strong investor demand can be sign of speculative excess
  • Says discussing possible steps on home lending with APRA
  • Investor loans out of proportion to rental housing market
  • Housing and mortgage markets ‘becoming unbalanced'
  • Banks need to ensure loans can be serviced if rates rise
  • Steps discussed would ‘reinforce sound lending practices'
  • Risk to financial institutions if lending growth persists
  • Mortgage market risks likely to be macroeconomic
  • Households' appetite for risk continues to grow in 2014

The full text is here: Financial Stability Review

 

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Note – APRA is the Australian Prudential Regulation Authority

posted via ForexLive

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