Credit is tightening… So what can you do about it...

Credit is tightening… So what can you do about it...

Australia’s banking watchdog APRA is worried about the housing market overheating and exploding.

To counteract this perceived risk, APRA has changed the rules of play which Authorised Deposit-Taking Institutions (ADIs) must adhere to when assessing loan applications.

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Source: Michael Yardney's Property Update.