Here is Jim Chalmers on that APRA change:

These are important changes that will help with financial resilience and housing affordability.

Australia has a strong and safe financial system but these are prudent steps to maintain responsible lending.

It’s about managing emerging risks in our financial system and will help people into the market. 

These rule changes are an important way for the regulator to reduce risk in our economy, but these efforts will also help when it comes to getting people into homes.

Whether it’s smaller deposits for first homebuyers, building thousands of more homes through the HAFF or working with our regulators to improve lending rules, we’re tackling this housing challenge from every possible angle.”