APRA and ASIC takes a sledgehammer to the market

December 10th,2014

The Real Estate Institute of Australia has slammed moves by the Australian Prudential Regulation Authority to clamp down on home lending and the Australian Securities and Investment Commission’s review of interest-only loans.

REIA CEO Amanda Lynch said “These attempts to introduce tighter controls on housing loans and target property investors are totally unnecessary and a blunt instrument that adversely affects the entire market and not just one or two hotspots.”