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"Australia’s banking regulator further tightened lending curbs Friday to try to cool investor demand for residential property that’s helped drive up prices. Dat
by bootload 10y ago
"Australia’s banking regulator further tightened lending curbs Friday to try to cool investor demand for residential property that’s helped drive up prices. Data released hours later showed investor lending increased 6.7 percent in February from a year earlier, the fastest growth in 12 months."
No mention of the ^Elephant in the room^ with respect to real-state and housing: transparency in financing property. [0]
Reference
[0] "Corruption and Property Laundering" https://www.prosper.org.au/2017/03/30/corruption-and-property-laundering/ https://www.prosper.org.au/2017/03/30/corruption-and-propert...
- mmerlin 10y agoAustralia is the world's worst (best?) country for laundering money through property https://www.macrobusiness.com.au/2017/03/report-australia-worlds-worst-money-laundering-property-market/ https://www.macrobusiness.com.au/2017/03/report-australia-wo...