Treasurer Josh Frydenberg hinted it would happen, and yesterday the Australian Prudential Regulation Authority (APRA) confirmed it will rein in home loans. That means lenders will apply a stricter test to determine whether new borrowers can afford their mortgage repayments if the interest rate was 5%. It will reduce the amount the average Aussie will be able to borrow, and analysts say it will hit investors hardest. And that will help cool the jets of surging house prices, which are up 18.4% over the last year thanks to ​​record-low interest rates. Analysts say they expect a drop in the number of buyers borrowing more than 6 times their pre-tax incomes. #SquizShortcuts