“The removal of the restriction on interest-only lending is essential to addressing the concerning decline in credit growth for new housing,” said Tim Reardon, HIA Principal Economist.
The Property Council of Australia has welcomed APRA’s announcement that it will remove its supervisory benchmark on interest-only residential mortgages.
Researchers at UNSW Sydney have developed an effective process to turn old clothing and textiles into high-quality building products such as flat panels.