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Aussie regulator caps new interest-only lending at 30% of total home loans

But analysts say more steps needed to combat housing mania

Published Fri, Mar 31, 2017 · 09:50 PM
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Sydney

AUSTRALIA'S banking watchdog on Friday launched a new salvo in its battle against speculative home lending and explosive house prices, though analysts were far from convinced the war was yet won.

The Australian Prudential Regulatory Authority (Apra) asked banks to limit new interest-only lending to 30 per cent of total new residential mortgage lending, from 40 per cent now. It also demanded that banks lim…

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