Aussie regulators crack down as home prices, building permits jump
Central bank in quandary as it cannot hike or cut rates without consequences
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Sydney
AUSTRALIAN home prices hit new records while building approvals jumped the most in seven months, latest data out on Monday showed, even as regulators launched new measures to cool the red-hot property market.
Australia's corporate watchdog said on Monday it was introducing a new round of industry surveillance to ensure banks and brokers were not recommending overly expensive interest-only loans to customers.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
