{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationAPRA taps the brakes
APRA taps the brakes
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
Send me exclusive tips, early access to new launches, and special offers. I can change my mind at any time.
By clicking Get started now you agree to the terms and conditions and privacy policy.
“Australia has an unquestionably strong financial sector. It has withstood significant shocks, such as the Global Financial Crisis and the COVID recession, without the emergence of financial contagion.
“The share of loans that are impaired is exceptionally low, at around 0.4 per cent of all loans issued. This is significantly lower than in other developed economies.
“The very low levels of mortgage delinquency in Australia reflect the restrictive lending regulations imposed by financial regulators in Australia. Since 2010, financial regulations have made it increasingly conservative making it progressively more difficult for first home buyers to enter the market.
“Despite the lows levels of mortgage delinquency, APRA announced this morning that it has increased the ‘serviceability buffer’ for a new mortgage from 2.5 per cent to 3 per cent.
“First home buyers accounted for 35 per cent of owner occupier loans issued in August 2021 and these measures will make it harder to access a loan.
“This additional constraint is being imposed despite the share of loans with a 10 per cent deposit or less declining since December 2020. This share is well below those observed over the past decade.
“First home buyers are the group who are typically constrained by serviceability thresholds. It is this group that will be hit the hardest by these changes.
“Restricting access to credit for new households seeking to enter the housing market will put further downward pressure on the rate of home ownership in Australia,” concluded Mr Reardon.
For more information please contact:
HIA Housing Scorecard - Victoria sliding further down the ladder
HIA has released the latest version of its Housing Scorecard. Once again Victoria is underperforming and has now fallen below New South Wales. Only Tasmania, the Australian Capital Territory and the Northern Territory keep Victoria from claiming the wooden spoon.
Tasmania at Bottom of National Housing Scorecard as Supply Crisis Deepens
Tasmania has ranked last in the national HIA Housing Scorecard released today, underscoring a persistent failure to deliver enough new homes to meet current and future housing demand.
National housing report puts Western Australia at the top of the table
“Western Australia retained its status as Australia’s strongest home building market, even extending its lead, atop HIA’s latest Housing Scorecard,” stated HIA Senior Economist Tom Devitt.
HIA welcomes $45 million Budget commitment to drive EPBC reforms
“The Housing Industry Association (HIA) welcomes today’s commitment by the Federal Government of more than $45 million over the next 4 years to fast track implementation of the key reforms to the EPBC Act,” said HIA Managing Director, Jocelyn Martin.