APRA's inaction brings a housing crisis closer

The UK’s move to limit the potential fallout from a housing downturn comes after New Zealand and Canada introduced similar measures. In contrast, Australia’s financial regulator seems content to sit back and do nothing.

Is it time Australia took the plunge and introduced measures to slow household lending? Given our similarity to both New Zealand and the United Kingdom -- from heritage, institutions and yes, housing -- it is time that we stopped being complacent and took steps to limit the potential fallout from a housing downturn.

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