SUBSCRIBERS
Aussie banks urged to curb growth in home loans to investors
Published Wed, Dec 10, 2014 · 09:50 PM
Sydney
AUSTRALIA'S prudential regulator has called on banks to limit growth in home lending to investors to 10 per cent a year and said it will step up oversight of mortgages amid surging house prices in Sydney and Melbourne.
Banks should add a 2 per cent buffer to their home-loan rates and have an interest-rate floor of at least 7 per cent when assessing a borrower's ability to repay a mortgage, the Austra…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction
US Judge approves US$418 million settlement that will change real estate commissions
In San Francisco, a home renovation can become a battle royale
Country Garden extends bonds to avoid first local default
Daughter of Chinese steel-and-nickel tycoon picks up S$84 million Bin Tong Park bungalow
New US home sales jump to highest level since September