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WAYNE BYRES

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WAYNE BYRES
CHAIRMAN
APRA

If you rank this list by impact – as opposed to whether you like them or not – Wayne Byres has got to be 2015’s hottest property (excuse the pun). APRA’s move to limit lending to investors and its 10% benchmark on lending growth has affected almost all brokers, because most lenders have taken it as an opportunity to increase interest rates, even for existing investor clients. Byres has also sparked controversy by telling lenders that broker-originated loans were higher risk, although he also endorsed the channel in the same speech, back in August. With the Reserve Bank’s cash rate changes losing their ability to impact a sluggish economy, we expect to see even more from APRA in 2016.
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