The founder of Aussie Home Loans, John Symond, says the housing market has turned a corner but both he and ANZ Banking chief Shayne Elliott believe that 'over-regulation' could threaten its recovery and pose risks to the broader economy.

At a gathering of mortgage brokers in Sydney, Mr Symond and Mr Elliott said that risk aversion among lenders in the aftermath of the Hayne royal commission uncertainty about responsible lending was slowing the flow of credit into the economy.