APRA maintains strict home loan lending rules in Australia due to financial system risks.
Australia's banking regulator APRA maintains strict home loan lending rules due to ongoing concerns about the financial system risk, influenced by uncertain interest rates, geopolitical instability, and high household debt. The regulator will continue requiring lenders to assess borrowers' capacity at an interest rate of at least 3% above the prevailing home loan rate, with the countercyclical capital buffer at 1% of risk-weighted assets.
July 29, 2024
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