Pursuits
Australia's Home-Lending Curbs Could Hit Wrong Target: NAB
- Demand is momentum-driven as prices keep rising, NAB CEO says
- Executive performance now measured by customer satisfaction
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Australian regulators need to be careful tougher home-lending curbs don’t lock people who can afford to buy a house out of the property market, the chief executive officer of National Australia Bank Ltd. said.
The Australian Prudential Regulation Authority last month tightened restrictions on interest-only loans, which are favored by property investors, as surging home prices stoke concern of a housing bubble.