The financial regulator, the Australian Prudential Regulation Authority (APRA), is caught between a rock and a hard place in its attempts to reduce lending risk in the residential property market. It needs to take the froth out of more dangerous lending practices, but to take a scorched-earth approach would threaten to burst the property bubble – the consequence of which would be a rapid fall in house prices. To read the entire article by Elizabeth Knight on The Sydney Morning Herald, please click here.
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