Lats year PIMCO was very bearish on Aussie property: Mortgage availability has tightened due to property-cooling measures and closer bank scrutiny. Over the past few years, the Australian Prudential Regulation Authority (APRA), the country’s banking regulator, has introduced various macroprudential measures to cool down the housing market. Notably, in late 2014 APRA required that banks cap the
The post PIMCO: Aussie property prices to keep falling appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]