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Access to credit a driver in property market slowdown | Sky News Australia

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Property Council's Ken Morrison: It’s important policy makers think about the border impact the banking royal commission findings will have. We need to be careful that whatever the fix is for the banks, it doesn’t deteriorate the broader economy. MORE:

 

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Access to credit a driver for property market slowdown | Sky News AustraliaPoliticians are being urged to make wise decisions regarding the property sector this year as optimism in the industry hits a new low, according to the latest quarterly ANZ\u002FProperty Council survey.\n\nSpeaking with Sky News, Property Council CEO Ken Morrison says a tightening in access to credit, both for residential and commercial properties, has been one of the major drivers in the slowdown in the sector. \n\nMr Morrison warns with the findings of the royal banking commission to be released, policy makers need to be wary of potential fixes to the lending sector, given the impact financial institutions have on the broader economy. \n
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