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What new lending rules mean for property prices
Published 6 months, 3 weeks ago
Description
Australian property is now more expensive than ever and soaring mortgage debt has the financial regulator hitting the brakes on risky lending.
But could stopping banks for offering some loans do anything to stop rapid price growth for homes and units?
Today, the ABC’s chief business correspondent Ian Verrender on what’s worrying APRA and the outlook for the housing market.
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Ian Verrender, ABC chief business correspondent