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APRA could put 'speed limit' on housing market

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Australian Broker | 07 Apr 2014, 08:37 AM Agree 0
APRA said macroprudential tools will be used if necessary, after RBA also indicated measures may be taken to cool rising house prices
  • Bottom Line | 07 Apr 2014, 09:45 AM Agree 0
    Mike Baird is right.

    Again, growth is low in all areas of the country except Melbourne & Sydney. So a blanket effort to control 2 cities, will cripple economies elsewhere around the country.

    Because our Financial System worked in 2007, everyone wants to make a change to it, so they can lay claim to part of it's success.

    I'd suggest these so called experts "leave their ego's at the door" when making decisions that affect the whole of our country (but then that's unlikely).
  • Harry Myers | 07 Apr 2014, 09:59 AM Agree 0
    When will they just to keep out of the housing market. Every time a regulatory authority fiddles with something the law of unintended consequences kicks in and away we go again. the housing market is too vast and complex for self self serving bureaucracy's to control so best they just leave things alone. Unless they regulate how much I can sell my property for their actions are pointless, discriminatory and expensive.
  • Brisbane Broker | 07 Apr 2014, 10:04 AM Agree 0
    This is capitalisam not socilisam or comunisam. Economy is rasing prices and cost of living rising something go wrong and companies that are on wrong sidy of road pays a price and world is still spinning.

    I have a questions for APPA; how about you out a limit on banks increasing interest rate without any reason? ooo no actually cost of funding, what a joke.
  • Incognito | 07 Apr 2014, 11:01 AM Agree 0
    Limiting LVR's will keep the bottom end out allowing the already-rich to pick up investment housing cheaper.

    Should instead wind back negative gearing over a 10 year window. Gone forever.

    Many investors would still buy housing even without gifting them with tax concessions.
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