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Bank compliance may see investor loans increase, says CoreLogic

Finance Markets / Market Trends

Australia

Mar 06 2018

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APRA crackdowns saw mortgage lending dramatically slow, but compliance with the limits may result in an increase in investor lending, says property researcher, CoreLogic. 

In 2014, banks were forced to limit growth in investor loans to 10 percent a year, with further measures introduced last year limiting interest-only lending to 30 percent of new loans, however CoreLogic found the earlier restrictions had a greater impact. 

At the end of January, the total value of outstanding housing credit was a record $1.731 trillion. Credit level to investors accounted for 34 percent, down from 38.7 percent in 2015. 

 

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