Obviously the latest changes in banks LVR's are going to impact the ability of those who like to stretch the envelope in terms of how much they borrow .
Last time this happened ( as far as I recall ) was after the GFC .
The potential of measures targeting Sydney remain , but as this previously linked article mentions the RBA doesn't want the market to tank elsewhere and some growth will be good for stimulating the economy .
How long did it take for the banks to start loosening the screws on lending after the GFC ?
Any thoughts on what might happen ?
Cliff
Last time this happened ( as far as I recall ) was after the GFC .
The potential of measures targeting Sydney remain , but as this previously linked article mentions the RBA doesn't want the market to tank elsewhere and some growth will be good for stimulating the economy .
How long did it take for the banks to start loosening the screws on lending after the GFC ?
Any thoughts on what might happen ?
Cliff