Macroprudential measures possible: Tweet of the day

AMP Capital's head of investment strategy and chief economist Shane Oliver says the Reserve Bank of Australia (RBA) still hasn't ruled out macroprudential policy to curb investor spending.

Looking at yesterday's statement from Reserve Bank governor Glenn Stevens, Oliver noted Stevens still made a point of the level of investor activity in Australia's housing market.

In his statement, Stevens said: "Investors continue to look for higher returns in response to low rates on safe instruments. Credit growth is moderate overall, but with a further pick-up in recent months in lending to investors in housing assets. Dwelling prices have continued to rise."

According to the Australian Bureau of Statistics, investment housing commitments rose by 0.9% in August while owner occupier housing commitments fell by 0.1%.

Oliver says the RBA may yet implement macroprudential policies, which would see stricter regulation for lending.