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In his final official speech as APRA chair, Wayne Byres has outlined why lower housing prices and lower debt levels “would be no bad thing”.
The financial services group is to acquire Challenger Bank, including its $89 million retail lending and $228 million of deposits.
The housing industry has put forward urgent recommendations ahead of Thursday’s (20 October) Queensland housing summit as the state faces its “greatest challenges” yet.
While the central bank hosed down October’s cash rate hike, global pressures and local climate disasters will weigh on next month’s decision.
Stephen Jones has pledged more funding will become available towards “building resilient” properties amid widespread flooding.