Powered by MOMENTUM MEDIA
subscribe to our newsletter

RBA to assess impact of APRA lending guidance

The Reserve Bank of Australia has emphasised its “careful monitoring” of the Australian lending landscape by assessing the impact of APRA’s lending guidance.

In the minutes of its February 3 monetary policy meeting, released Tuesday, the Reserve Bank noted the importance of assessing the effects of the prudential regulator’s measures designed to reinforce sound residential mortgage lending practices.

This includes clarification of prudential expectations of acceptable growth in investor lending and possible steps to be considered if APRA’s expectations are not met.

“Given the large increases in housing prices in some cities and ongoing strength in lending to investors in housing assets, members also agreed that developments in the housing market would bear careful monitoring,” the RBA minutes stated.

“Activity and prices in the housing market had continued to be bolstered by the low level of lending rates and strong population growth.

Advertisement
Advertisement

PROMOTED CONTENT


“A range of indicators, including residential building approvals, suggested further growth of dwelling investment in the near term,” the minutes said.

Looking further afield, board members noted that the outlook for global economic growth was little changed.

RBA to assess impact of APRA lending guidance
mortgagebusiness

Latest News

The percentage of young adults looking to pay down their home loans has risen over the past five months, according to new data. ...

Despite the Reserve Bank digging its heels in on the timing of its cash rate climb, Westpac economists have predicted the right conditions w...

Customer-owned banks operate around four branches per $1 billion in assets, while the big four collectively run less than one shopfront per ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

When do you expect the cash rate to start increasing?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.