housing bubble

ATTENTION APRA, the First Phase Is Ineffective

I am getting an increasing sense APRA’s recent action isn’t working. Since the announcement by the major banks of new restrictions four weeks ago, clearance rates have stayed above 80% in Sydney and 75% in Melbourne. This is hardly slowdown territory. On top of this I am having a strong sense that listings have fallen…

APRA not really so worried about our housing markets

There’s lots of talk about the Australia’s housing bubble again over the last week and another call to stop negative gearing. However the Australian Prudential and Regulation Authority (APRA) says it remains calm about Sydney and Melbourne’s property markets, despite concerns raised by the Treasury and the RBA about a housing bubble, according to Fairfax Media….