Home Real Estate UBS pinpoints the moment Australians caught the property bug

UBS pinpoints the moment Australians caught the property bug

by Jonathan Adams

The residential mortgage loan books at Aussie banks are huge, but at least regulators are remaining vigilant in their efforts to monitor the sector.

That’s the view of UBS in a research note called Housing Bubble Watch, which provided some historical perspective on the incredible growth of household mortgage debt in Australia. The bank also assessed statements made by APRA yesterday about fostering strength in the sector and raising capital ratio requirements for Aussie banks. UBS cited the Basel 1 Accord in 1988 as a key event which kick-started the upward spiral in mortgage debt.

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Related News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More