Concern Murray Inquiry could strain housing affordability

December 8th,2014

The Real Estate Institute of Australia has welcomed the release of the Financial System Inquiry as a valuable opportunity to identify the scope for reforms but has reservations that some recommendations could burden home borrowers with additional costs.

REIA CEO Amanda Lynch said, “The recommendations around capital holding could result in further costs to borrowers and we are particularly concerned about first home buyers who are already at record low numbers as well as adding pressure to the establishment of new housing.”