After successive warnings from the CBA and the IMF, Treasurer Josh Frydenberg has green-lit regulators to implement macroprudential mortgage curbs to cool the property market:
Mr Frydenberg spoke about the issue to the Council of Financial Regulators at its quarterly meeting last Friday…
“A positive feature of this housing cycle compared to that of the last is a higher proportion of first home buyers and owner occupiers entering the market,” he said…
