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1.Market Observations, 8.Was Sticky

5 Apr 2017 (AFR) – RBA’s Lowe takes aim at desperado borrowers

(5 April 2017, AFR, p1, by Jacob Greber)

‘Reserve Bank of Australia governor Philip Lowe has warned too many banks are giving loans to badly stretched borrowers, increasing the risk of a wave of defaults if even small shocks hit the economy. In a clear shot at both state and federal governments, Dr Lowe also insisted that boosting supply is the only real way to break the trend of house prices outpacing incomes and that the latest regulatory crackdown on lending is only a stop-gap measure.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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