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IMF calls for LVR caps in effort to pop Aussie housing bubble

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Australian Broker | 17 Sep 2013, 07:00 AM Agree 0
The International Monetary Fund is calling for stricter lending rules for banks in order to prevent unsustainable growth in Australian house prices
  • Regional Broker | 17 Sep 2013, 10:44 AM Agree 0
    If we introduced LVR controls it will decimate the construction industry and the established market where the first home buyers are involved would not just land softly it would CRASH
  • John | 17 Sep 2013, 12:16 PM Agree 0
    Wonder what they would say if they called for restrictions to the share market. Seriously our Reserve Bank meddles with the interest rates, effectively hurting people that save money, in the hope they spend it and others go further into debt, but when it starts to happen everyone complains. To the reserve bank - Stop stuffing up our economy like other governments have done to theirs!
  • Robert B | 17 Sep 2013, 06:44 PM Agree 0
    Every time rules change someone gets hurt. It's become a big problem over the past six years as it is stopping people create wealth. People try to follow one set of rules and then the parameters change. To be fair, stop changing the rules. Do politicians really have the right to decide when to destroy the wealth of individuals?
  • Chris McLeenan | 18 Sep 2013, 03:50 AM Agree 0
    Five Thousand construction and industry related businesses shut up shop from what I heard in the last 12 months. People need to be able to borrow. Building is the backbone of any country and the income produced helps the government, employment, and stimulates the economy. Lending has been strict for a long time now. It is time to free up funds to kick start the industry again.
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