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APRA changes loan rules to stimulate housing market

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The big four will have longer than expected to raise extra capital.
How does mortgage refinancing work in Australia? Source: AAP

Banks will not be forced to do "stress test" see whether their customers can afford paying at least 7% of interest on their loans.

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By Abdallah Kamal

Presented by Fares Hassan

Source: SBS

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Banks will not be forced to do "stress test" see whether their customers can afford paying at least 7% of interest on their loans.

Listen to the full interview with economy analyst Radwan Hamdan in Arabic above 

 

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