Plea to RBA, APRA: Let banks lend

Original article by Ben Wilmot
The Australian – Page: 17 & 26 : 16-May-19

Mirvac, Stockland and Dexus are among the property developers that have called for banks’ lending rules to be relaxed in the wake of a downturn in the residential construction sector. Representatives of major property group have held talks with the Australian Prudential Regulation Authority and the Reserve Bank, with some developers being forced to shelve apartment projects. UBS recently forecast that growth in housing credit will fall to just two per cent year-on-year by 2020.

CORPORATES
MIRVAC GROUP – ASX MGR, STOCKLAND – ASX SGP, DEXUS – ASX DXS, CHARTER HALL GROUP – ASX CHC, PROPERTY COUNCIL OF AUSTRALIA LIMITED, apra use AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, RESERVE BANK OF AUSTRALIA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, UBS HOLDINGS PTY LTD, AUSTRALIAN LABOR PARTY

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