Regional lender Bendigo and Adelaide Bank says stringent home loan regulations are stopping some people from buying property and constraining competition, as Treasurer Jim Chalmers rebuffs calls to ease mortgage lending laws.
The Coalition launched a Senate inquiry into mortgage regulations in August amid concerns that rules aimed at reducing the riskiest forms of borrowing had gone too far and made banks too cautious about lending to first homebuyers.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
