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Bank chief says APRA and property market behind rate increase

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Your Investment Property | 24 Jul 2015, 06:00 AM Agree 0
Investors hit by rate hike as a major bank falls into line with APRA
  • Out of Left Field | 24 Jul 2015, 03:10 PM Agree 0
    It doesn't matter how they wrap it up, it is still just simply a price increase for the sole purpose of increasing profit.
    The only reasonable way that investor activity in SYDNEY (and note it is only SYDNEY) can and probably should be curtailed would be to reduce LVR on new loans to 80% or even 75%. Lending policy and pricing are entirely different things. This is just muddying the waters to justify profit increases by pretending to do the right thing by APRA.
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