Economics
Soggy Australia House Market Boosted as Lending Rules Eased
- Central bank to consider case for rate cut, Governor Lowe says
- Bank shares extend rally as property market bottom seen nearer
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Australia’s soggy housing market just got another shot in the arm.
The banking regulator Tuesday proposed easing lending rules that will allow home-buyers to borrow more, and central bank Governor Philip Lowe said policymakers will consider the case for cutting interest rates at its next meeting in two weeks’ time. The one-two combo could help reverse a credit crunch that has weighed on home prices.