SYDNEY (CU)_ In last October, the Australian Prudential Regulation Authority (APRA) increased the minimum interest rate buffer based on which banks would have to assess the serviceability of home loan applications. The move came as no surprise since analysts projected an intervention by the authorities as historically low interest rates made larger loans more affordable, thereby pushing property prices to record highs. At the time, several experts raised their concern over the possibility that the decision would make the goal of an affordable, healthy and accessible home more remote for home buyers in the Pacific nation.
Nevertheless, figures published by the APRA on Tuesday shows…
