The ABC’s Stephen Letts has published an article on the Australian Prudential Regulatory Authority’s (APRA) success in curbing speculative borrowing by property investors following the implementation of its 10% speed limit on investor mortgage growth in December 2014:
Since the Australian Prudential Regulatory Authority imposed tighter controls two years ago, new investor loans have fallen from $38.6 billion in the 2014 December quarter to $33.2 billion, a drop of 14 per cent.
