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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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New liquidity rules could cost borrowers

By Staff Reporter
06 November 2009 | 1 minute read

The Australian Prudential and Regulation Authority’s (APRA) new liquidity rules could add 0.05 of a percentage point to borrowing rates.

According to a report in The Australian Financial Review, the proposed rules have been modelled off a similar British reform, which caused the small cost to be imposed on UK banks.

APRA has said it wants to avoid a repeat of the liquidity crisis that occurred in late 2008 when banks could not fund their balance sheet commitments.

Under the new rules, banks would be forced to hold larger quantities of liquid assets and a higher quality of liquid assets.

“The world needs strict and precise timetables for imposing tougher regulations because the forces of amnesia and resistance to change that will inevitably accompany the return to calmer global conditions may soon begin to chip away at fundamental reforms,” APRA chairman John Laker said in a speech last week.

New liquidity rules could cost borrowers
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Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.