RBA’s Ellis is grateful lending standards to first-time buyers have not eased
Prevalence of investors in market could be pricing out aspiring first-time buyers
While some aspiring first-time buyers in the Australian housing market have likely been priced out of a move, it is "helpful" there has been no attempt to ease lending standards to compensate, said the Reserve Bank of Australia's (RBA) Luci Ellis today (August 6).
In her opening statement before the standing committee on economics inquiry into home ownership, Ellis, head of financial stability at the RBA, noted rental housing was owned mostly by investors rather than full-time landlords.
"Invest
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