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Home lending: how resilient are authorised deposit-taking institutions? The Australian...

One macroeconomic development that has become the subject of increasing policy attention is the continued rapid growth of credit for housing, which has fuelled strong rises in housing prices.

Over the past five years, credit for housing has grown by around 120 per cent and housing prices across Australia's capital cities by around 80 per cent on average, and more sharply in particular capitals. A growing share of this credit has been for investment housing.

These developments have increased the vulnerability of Australian borrowers--particularly those with s

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