Property prices (96 items)

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

APRA frets at commercial property loan underwriting

APRA has written to Australia's larger domestic and foreign bank branches outlining its concerns that underwriting standards for commercial property lending are "under competitive pressure". The main theme of APRA's letter is that boards cannot avoid responsibility for any failure or watering down of underwriting standards. read more

Australian banks confront 'fragile' valuations

Australia's listed banks had better start producing profit growth of at least 13 per cent, the level "needed to justify current [equity] prices," the industry analysts at Morgan Stanley Australia argue in a report released this week. One avenue: cost control. A second, more home loan-repricing. read more

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