I’m not at all convinced that scrapping responsible lending rules will do it. The headwinds for SE property are immense. But the intention is clear, as is the bonkers mentality apparent in the Morrison Government to do it.
So, what else can the bubble managers come up with to blow the bubble bigger? The first option is the APRA lending buffer:
The Australian Prudential Regulation Authority (APRA) has announced that it will proceed with proposed changes to its guidance on the serviceability assessments that authorised deposit-taking institutions (ADIs) perform on residential mortgage applications.
