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    1. Home
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    3. 2015
    4. Tightened lending rules threaten industry growth

    Tightened lending rules threaten industry growth

    24 Sep 2015

    2015

    • Transitioning support for auto supply chain companies
    • Innovation in Australia
    • New FBT entertainment cap introduced
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    • Unlocking super
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    • Imported building materials under scrutiny
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    New measures announced by the Australian Prudential Regulation Authority (APRA) and now implemented by individual banks run the risk of affecting development approvals and puts further pressure on house prices in Australia.

    The APRA has indicated it is keeping a close eye on year-on-year lending growth rates and urging banks to maintain investor lending at or below 10%, in addition to insisting banks hold more capital against their mortgage books.

    The measures have been implemented in direct response to significant house price growth in the Sydney and Melbourne markets and higher household debt. The aim being to provide an ongoing, robust banking system for the nation by ensuring sound lending practices are implemented across the financial system.

    It is important that a cautious approach is undertaken by the regulator and broader actions aren’t being made to ‘correct’ specific markets that could have detrimental effect on those markets that aren’t performing at the same levels. With banks moving to ensure investors pay a premium on investment loans by increasing their interest rates on investment loan books, the flow on effect will hit the current market balance of investor and owner occupier and make it more difficult to get housing developments off the ground.

    Next article: Imported building materials under scrutiny

    For more information, please contact:

    Cameron Crichton
    Cameron Crichton
    Partner Brisbane
    Email address https://www.linkedin.com/in/cameroncrichtongt/ Cameron Crichton VCard
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    Sian Sinclair
    Sian Sinclair
    Partner & National Head of Real Estate &... Brisbane
    Email address https://au.linkedin.com/pub/sian-sinclair/14/9b0/9b5 Sian Sinclair VCard
    View full profile

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