Oct
08

Australian Mortgage Rules Slow Investor Growth to Three-Year Low

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Growth in Australian mortgages to landlords slowed to the weakest in almost three years, indicating regulators’ efforts to tighten lending to investors are starting to pay dividends.

The value of mortgages to investors fell 0.4 percent in August from July and grew 12 percent from the previous year, the slowest annual expansion since December 2012, according to data released Friday by the Australian Bureau of Statistics…

Australian Mortgage Rules Slow Investor Growth to Three-Year Low

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