For years, it seemed like the Australian property market was as solid as it can be and that nothing could have shaken it. Not even the economic recession that swept the globe affected it very much. However, lately, vacancy rates have been climbing a steeper and steeper slope and prices have been deteriorating rapidly. The […]
The Australian Prudential Regulatory Authority (APRA) speaks up about the concerns regarding the growth in commercial property loans, which may be the trigger for a new banking crisis. This reputed financial regulator has focused its entire attention this sector because this is one of the greatest risks for the banks.
According to Charles Littrell, an APRA […]