Financial regulators are keeping an eye on Australia's booming housing market, but at this stage they are comfortable that lending standards have not been relaxed. The strength in lending has gone hand-in-hand with rising house prices, which nationally stand over 10 per cent higher than a year earlier. Investor home lending jumped 12.7 per cent in March, the largest monthly rise since July 2003. RBA assistant governor Michelle Bullock was also comfortable that lending standards had not been relaxed. The central bank has repeatedly said it won't be raising interest rates to cool a heated housing market.

Source: Daily Mail June 03, 2021 20:44 UTC