Property investors are back, but baby steps, says APRA

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first_imgInvestor and offshore buyers underpinned much of the inner-city apartment growth seen across the major capitals in recent years.PROPERTY investors will be welcomed back at banks and could even see interest rates drop after the national regulator APRA today confirmed an end to its clampdown on housing loan growth. The Australian Prudential Regulation Authority (APRA) announced in a statement this morning that it would remove a 10 per cent benchmark on investor loan growth it had placed on banks in 2014 but warned it would also enforce stronger lending standards.The action had been taken after major concern over the surge in higher risk lending across the financial system, according to APRA chairman Wayne Byres.More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours ago“The temporary benchmark on investor loan growth has served its purpose. Lending growth has moderated, standards have been lifted and oversight has improved,” he said.“However, the environment remains one of heightened risk and there are still some practices that need to be further strengthened. APRA is therefore seeking assurances from ADI Boards that they will maintain a firm grip on the prudence of both policies and practices.”Lenders were informed of the move today, the APRA statement said, but each would have to three main criteria first.“In summary, for the 10 per cent benchmark to no longer apply, Boards will be expected to confirm that: lending has been below the investor loan growth benchmark for at least the past six months; lending policies meet APRA’s guidance on serviceability; and lending practices will be strengthened where necessary.”But don’t expect the heyday of investor lending to return any time soon, with APRA warning that lenders must “maintain prudent standards and close any remaining gaps in lending practices”.Those lenders who don’t meet the APRA requirements won’t be allowed to increase investor lending, the statement said.last_img read more

Tenorio reminds Kings to keep emotions in check amid heated battle

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first_imgIn ‘Jojo Rabbit,’ Comedy and Drama Collide Jake says relationship with Shaina ‘goes beyond physical attraction’ Things got heated in the second quarter between TNT import Glen Rice Jr. and Ginebra rookie Kevin Ferrer and this altercation led to the Racela-Chua beef behind the Big Dome’s curtains.READ: TNT pulls even, turns back Ginebra in semis game 2Tenorio, who also tried to calm things down between Racela and Chua, was seen trying to pacify any potential outbursts in the second half, talking to both his teammates and Racela to prevent  any more arguments.“I just kept on reminding the players that they have to be smart and that they can’t complain too much about the officiating because it’s beyond our control,” said Tenorio who finished with 16 points, nine rebounds, and eight assists.“The officials are just doing their job, and us players should also do our job. We have to defend, be physical, but be smart.”ADVERTISEMENT View comments MOST READ Don’t miss out on the latest news and information. OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Nash Racela throws shade at ‘perfectly officiated ball game’ LATEST STORIES Sports Related Videospowered by AdSparcRead Next Mos Burger to open in Manila; teases with a pop-up PBA IMAGESA deluge of emotions poured over the noisy Smart Araneta Coliseum in Game 3 of the semifinals series between TNT and Barangay Ginebra.As the predominantly Ginebra crowd shouted the deafening “Gi-Ne-Bra” chant, TNT head coach Nash Racela exchanged barbs with Gin Kings governor Alfrancis Chua in the halftime break.ADVERTISEMENT It’s too early to present Duterte’s ‘legacy’ – Lacson Nueva Ecija warehouse making fake cigarettes raided, 29 Chinese workers nabbed Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award DAY6 is for everybody How to help the Taal evacuees And with emotions running high between both camps, Ginebra point guard LA Tenorio just reminded his teammates to calm down and just play their game.READ: Ginebra routs TNT in Game 1 of PBA semis FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSFederer blasts lack of communication on Australian Open smog“I kept on reminding the players, especially during the halftime break, that we’re not going to back down but we’re going to play smart,” said Tenorio Friday as his Gin Kings escaped the KaTropa 106-103 to take a 2-1 series lead.Physicality has been an encompassing theme of the game with Ginebra and TNT combining for 59 fouls, two more than the total free throw attempts between the two teams.last_img read more