Surging home prices unlikely to fall on loan curbs: NAB
Markets are struggling with undersupply amid "significant" foreign demand, it adds
Sydney
SURGING home prices in cities including Sydney are unlikely to be affected by the banking regulator's efforts to curb mortgage lending to investors, according to National Australia Bank.
Markets such as Sydney, where house values have risen 40 per cent in the past three years, are struggling with undersupply amid "significant" foreign demand, Gavin Slater, the lender's head of personal banking, said on Wednesday.
"All lenders are responding to the macro-prudential guidelines," Mr Slater said at a busine…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases