APRA has only
really tapped its foot on the brake pedal; it hasn’t really pushed down hard on
the brake to slow our markets down, so if the property markets continue growing
too fast for their liking they are likely to introduce stricter measures.
Hopefully, they will have learned lessons from their past mistakes and
remember that under their watch in 2017-8 the stricter bank lending criteria
they instigated created a "credit squeeze” which didn’t just slow the markets
down but stifled the property markets for quite some time.
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out
Jason Gwerder
Tuesday, 14 December 2021
