Master Builders Western Australia — May-June 2017

APRA move on investor lending welcomed

Master Builders has welcomed the Australian Prudential Regulation

Authority’s (APRA) late-March announcement of measures to address

the growth in low deposit and interest only fi nance for residential

property investors.

“APRA’s measures are a responsible approach to tackling the risk of

interest only lending while supporting continuing sustainable growth in

investor activity in the housing market,” Master Builders’ CEO Denita

Wawn said.

“APRA’s approach is a pragmatic and targeted response to addressing

risks in investor lending in Sydney and Melbourne without negatively

affecting housing markets in other States and Territories which are at

other stages in their housing cycles,” she said. “It’s the role of regulators

to ensure the long-term sustainability of the housing market, not the tax

system. APRA’s announcement highlights why using the tax system to

tackle the issue of investor activity in the housing market is an ill-advised

and ineffective sledgehammer approach.

“This opens the way for the Government to focus on measures to
increase supply in the May Budget, including incentive payments
to State and local governments to remove the structural impediments
Master Builders Australia CEO Denita Wawn says APRA’s approach to residential investor to building more new homes.”
lending is pragmatic and targeted

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