Bank watchdog lifts restrictions on interest-only loans as house prices fall


Australian Prudential Regulation Authority says some banks no longer need 30% lending restriction

Australia’s financial regulator has lifted its restriction on banks’ ability to issue interest-only loans, in a move that will likely support house prices.

Data revealed last week that property price declines in Sydney and Melbourne were no longer confined to expensive dwellings, but had spread to middle and lower segments of the market in recent months.

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