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The prudential regulator is increasing the minimum interest rate buffer it expects banks to use in serviceability of home loans. The Australian Prudential Regulation Authority (APRA) has announced
The Australian Prudential Regulation Authority (APRA) has today increased the minimum interest rate buffer it expects banks to use when assessing the
Australia's banking regulator on Wednesday tightened restrictions on home lending, saying rapid loan growth that has fed a surge in housing prices poses a risk to financial stability.
Financial regulators confirm they are preparing home loan restrictions, but small banks warn they must be careful not to help the big banks or hurt first home buyers.
Regulators want to take out insurance against medium-term risks such as rising interest rates or a future recession.