Rise in risky loans could spark APRA action
High-risk home loans are on the rise as the federal government prepares to scale back responsible lending regulations, sparking discussions over whether the banking watchdog will have to step in to help cool the nation’s rapidly heating property markets.
The value of Australian home loans has reached a record high. Photo: Shutterstock (Image source: Shutterstock.com)
High-risk home loans are on the rise as the federal government prepares to scale back responsible lending regulations, sparking discussions over whether the banking watchdog will have to step in to help cool the nation’s rapidly heating property markets.
Data from the Australian Prudential Regulation Authority showed the value of new home loans where the debt is more than six times the borrower’s income rose to $21.6 billion in the December quar…
