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June 2015

APRA changes – what are they and what do they mean for me?

APRA (Australian Prudential Regulatory Authority) has demanded some changes to the investor lending parameters associated with Australian banks’ growth rates. Essentially, new investment loan approvals will slow to less than 10%. The catalyst for this change is the increased investment in Australia’s property market, driving price growth of all property across Australia, in particular Sydney and Melbourne. This brings associated problems relating to affordability, and is exacerbated by a record low interest rate environment. The latest catchphrase for those involved in the finance and property industry is “macro prudential regulation”. The record low interest rate has been a result of …

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