July 13, 2017
Investor Daily has commented on Tribeca’s latest update to investors, in which the investment manager said there is mounting evidence that the housing cycle had reached its peak, pointing to APRA’s recent efforts to “rein in aggressive mortgage lending”.
If APRA’s tightening of mortgage lending standards leads to a drop in house prices and generates negative equity effects, “further downside risk to the economy may emerge”, according to the report.
Tribeca also cited “a heavily indebted household sector” as the primary driver for a slowdown in the Australian economy.
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