Some individual property investors may evade a move by the nation’s banking regulator to curb high-risk real estate loans by turning to smaller private lenders and using alternative corporate entities to borrow, an industry body has warned.
The Australian Prudential Regulation Authority on Thursday announced it would impose a debt-to-income limit on mortgages for the first time as a pre-emptive move to reduce banking risk as the nation’s housing market heats up.
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