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.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles