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Aussie banks shrug off warnings on mortgages

Lending to property investors at a high in frothy market, prompting central bank to flag possible regulation

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'The investor market is pretty attractive... there is very low activity from first-time home buyers,' said Tony Bice, managing director at Mortgage Choices.

Sydney

FROTHINESS in Australia's property market has triggered central bank warnings of regulatory steps to rein in loans to investors, but the nation's banks are turning a deaf ear, sceptical that such action is needed or imminent.

Lending to investors has jumped this year to its

sentifi.com

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