Australia still working through macroprudential policy options: official
Sydney
AUSTRALIA is still working on possible tools to strengthen mortgage-lending practices and cool an unbalanced housing market, the chairman of the nation's banking regulator has said.
The Australian Prudential Regulation Authority (Apra) is looking at the ability of borrowers to repay in a rising interest-rate environment, interest-only loans and "extremely" long tenure mortgages, Wayne Byres said. The supervisor is also examining an increase in landlord housing loans and the potential need to raise bank capital requirements if risks rise, he added.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2