Month: June 2015

This week as seen some major players in the banking sector tighten lending criteria for investors on the back of APRA expectations. The Australian Prudential Regulation Authority (APRA), is a government body who oversees banks, credit unions and other finance, super and insurance related industries. In their wisdom they have made the recommendation to limit…

Past weeks have seen a media storm in our industry about APRA recommendations for lenders to change policies for investors. The premise behind it is from regulators looking to restrict the amount of lending to investors and promote / allow lending for owner occupiers. What really happened was that APRA and the banks decided to…