Banking watchdog aims to cool loan demand

By Colin Brinsden, Aap Economics and Business Correspondent
Updated October 6 2021 - 1:22pm, first published 1:16pm
APRA is focused on ensuring the financial system remains safe, chairman Wayne Byres says.
APRA is focused on ensuring the financial system remains safe, chairman Wayne Byres says.

Mortgage interest rates may be near their lowest in history, but people applying for a new loan will have to assure their bank they are capable of paying a much higher rate when they inevitably rise.

Get the latest St George news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.