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APRA warns on apartment development

Mar 8, 2017 - Australian Financial Review

Residential developers face a further squeeze on credit as the bank regulator urges lenders to exercise more caution in their commercial property books.

The Australian Prudential Regulation Authority has flagged potential flashpoints within the development sector that could compromise the quality of a residential project and its funding.

"APRA has observed a general tightening of underwriting standards, especially for residential development lending, over the past year or so," the re

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