Housing credit squeeze prompts policy reset
“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.
Day: December 19, 2018
APRA decision on interest-only lending
The Property Council of Australia has welcomed APRA’s announcement that it will remove its supervisory benchmark on interest-only residential mortgages.
Turning old clothes into high-end building materials
Researchers at UNSW Sydney have developed an effective process to turn old clothing and textiles into high-quality building products such as flat panels.