There have been many discussions lately around whether the Australian Prudential Regulation Authority (APRA) will introduce regulations to slow Australia’s rising property prices. The watchdog has argued that as the rising prices are being driven by first home buyers, not investors, there’s no need for additional measures.
Westpac chief executive Peter King agrees with this stance, saying the situation is more complicated than in 2014 and 2017 when investors were driving house prices.
This means buyers are unlikely to see new lending regulations in the near future, and prices are likely to continue rising for at least the rest of 2021.
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