We look at today’s APRA announcement and their changes to mortgage lending practice guidelines. What are the implications?
APRA Opens The Mortgage Lending Taps
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– APRA can do whatever it likes to do, but it won’t be able to re-ignite a new property bubble or re-inflate property prices. Because it is running into a brick wall called ‘financial reality’ (rising mortgage stress, rising defaults, ageing population, mortgage resets (fomr IO to P&I, ………. ). #SAD
– This is one more piece of evidence that APRA is “(firmly) in the pocket” of the “kamikaze elites” (think: John Adams) who think that this will help to avert the inevitable. #SAD.