Treasurer Joe Hockey has weighed into the mortgage lending debate ahead of the release of the final report from the Financial Services Inquiry, suggesting targeted moves could be required to rein in lending in some areas of the market, The Australian Financial Review reports.
Mr Hockey said that focused restraints could be useful as pockets of the market heat up, provided such restraints were flexible.
"Any action needs to be specific, it needs to be very targeted and it needs to have some capacity to be time-limited," Mr Hockey said, according to the AFR.
The comments come amid reports of a strong auction weekend in the two biggest markets of Melbourne and Sydney over the weekend.
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Treasurer sees potential for ‘targeted’ limits on mortgage lending: report.
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