Original article by Michael Roddan
The Australian – Page: 23 : 8-Jun-18
There was an increase in the number of borrowers falling behind on their mortgage repayments in the six months to March. This suggests that there are still "tail risks" within the housing sector, despite efforts by the Australian Prudential Regulation Authority to crack down on riskier types of loans. Standard & Poor’s has stated that banks may tighten their lending standards as a result of the banking royal commission, and that this may make it harder for households that are trying to refinance their mortgage.
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, STANDARD AND POOR’S (AUSTRALIA) PTY LTD, MOODY’S INVESTORS SERVICE INCORPORATED, SHAW AND PARTNERS LIMITED, UBS HOLDINGS PTY LTD, AUSTRALIA. DEPT OF THE TREASURY