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1.Market Observations

26 Nov 2013 (TheAge) – Banks restrict loans in risky mining towns

(26 Nov 2013, The Age, BusinessDay, p21, Clancy Yeates)

‘Banks are reining in home lending to investors in resource sector hot spots, as lower spending by miners hits regional property markets and prompts banks to reassess their exposure.’

‘Two of the country’s biggest banks, Commonwealth and ANZ, have in recent weeks curbed riskier lending in areas that rely on resource industries. The moves follow sharp falls in rents in mining hubs, at a time when…’

Read more at SMH.com.au

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