Will the investor lending crackdown work?

The recent regulator crackdown on lending to property investors is returning lending to the past said AMP Capital chief economist Shane Oliver.

Shane Oliver said it used to be common for lenders to be told how to lend with varying prudential controls up until the early 1980s. But that went the way of the dodo when people found a way around them.

Mr Oliver said only time will tell if the current crackdown on investor lending will control the Australian property cycle.

Source: Mortgage Business