SYDNEY, Dec 19 (Reuters) - Australia's banking regulator said on Wednesday it was removing a cap on interest-only loans for residential property on the grounds that the measure had reached its objective of curbing higher-risk lending practices.
The Australian Prudential Regulation Authority (APRA) said IT would remove the cap on Jan. 1 after it "led to a marked reduction in the proportion of new interest-only lending, which is now significantly below the 30 percent threshold".
APRA introduced the limit in March 2017 amid concerns about a housing bubble. Residential property prices in Australian major cities have since fallen the most in three decades.
SYDNEY, Dec 19 (Reuters) - Australia's banking regulator said...
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Last
$42.54 |
Change
-0.250(0.58%) |
Mkt cap ! $130.3B | |||
| Open | High | Low | Value | Volume |
| $42.56 | $42.88 | $42.33 | $88.98M | 2.091M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 542 | $42.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.57 | 50 | 1 |
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| Last trade - 16.10pm 01/09/2025 (20 minute delay) ? |
| NAB (ASX) Chart |