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Lenders warned against 'engineering' credit growth revival

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Australian Broker | 31 Jul 2013, 08:00 AM Agree 0
RBA governor, Glenn Stevens, has issued a warning to banks and policy makers, saying a 'big run-up in debt' would pose a major risk to the economy
  • Jeff | 31 Jul 2013, 09:32 AM Agree 0
    He doesn't have to worry. Valuers will do their bit, and ensure hardly anyone can borrow.
    eg Land and construction (land purchased 12 months ago in a suburb with 2.8% decline in values since that time). Building through a licenced builder. Valuer now makes it into a shortfall of $130k (21% decline); but had to grab comparables from another suburb in order to justify the shortfall, as the drop couldn't be supported by the actual suburb.
  • SIDBROKER | 31 Jul 2013, 09:38 AM Agree 0
    Perhaps Mr. Stevens could become trearsurer of the governing Federal Labor Party. They along with Mr. Rudd don`t appear to have grasped the concept of any of the above with our money and seem to think it is theirs to waste and do what they like with and then further insult our inteligance by telling us that 300 billion of debt. is not to be concerned about as it is just a drop in the bucket to coin a phrase.
  • Not So Young Broker | 31 Jul 2013, 11:56 AM Agree 0
    Sidbroker. Agree
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