RBA discussing steps to cool ‘unbalanced’ housing market
Apra has already intensified supervision of lending practices
The Reserve Bank of Australia (RBA) is considering whether "additional steps" may be necessary to bolster lending practices in the country's increasingly "unbalanced" housing market.
In its latest Financial Stability Review, published on September 24, the RBA warns that new lending to investors is "out of proportion" with the rest of the market.
While the Australian Prudential Regulation Authority (Apra) is monitoring the situation closely, the central bank is assessing whether an additional
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