APRA crackdown bites across the board

With the monthly dollar value of investment loans having more than doubled since the beginning of 2012, the regulator APRA has become obliged to take action in order to cool the investor segment of the Australian property market. In the first 7 months of this calendar year the volume of investment lending had continued to burn higher everywhere except for the resources regions of Western Australia and the Northern Territory, thereby forcing the hand of the regulator to dial back demand. The latest data shows that APRA's cooling measures are now working. Here is a brief look around the states. (VIEW LINK)