Property prices (103 items)

APRA imprint an elusive force in Sydney and Melbourne

Improved clearance rates over the weekend point to business as usual in the property market.It's one reason APRA's latest turn of the vice on banks' loans to property investors is "unlikely to substantially slow the increases in dwelling values, particularly in Sydney and Melbourne," Cameron Kusher, head of research at CoreLogic believes.?Rather, investment fundamentals may, over time, leave their mark on the frothy property prices of Australia's two largest cities, the chief commentator for the influential research house believes. APRA's activism, in Kusher's view, only extends the list of factors at play."From an investor's rationale, surely the proposition for investment, particularly in Sydney and Melbourne is starting to weaken," Kusher wrote in a blog post yesterday."Housing markets are likely approaching their peak," he said. read more

Bubble worry brings APRA back to the fray

Weeks of guesswork ended on Friday, with APRA dictating a long list of new macroprudential policy measures.The professional worrywarts at the Australian Prudential Regulation Authority did not mess around in stating their rationale, citing "the resilience of lenders, as well as on the household sector more broadly."APRA's worries are decidedly too-faced, with its chief Wayne Byres writing of the imperative of assuring the credit flow for "the increasing supply of newly completed construction which must be absorbed in the year ahead." APRA's other aims all pull the other way, choking growth in credit supply by demanding ever more sober assessment by lenders. read more

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