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1.Market Observations, 8.Was Sticky

15 Mar 2017 (TheAge,SMH) – RBA housing fears – Reserve Bank worried about collapse in apartment prices

(15 March 2017, The Age, p1, Peter Martin)

‘The Reserve Bank is considering tighter bank lending standards amid concern about how the financial system would handle a collapse in housing prices, beginning with Brisbane apartments. The Bank’s assistant governor (financial system) Michele Bullock told a business event in Sydney that the Reserve Bank was particularly uneasy about the “looming oversupply of apartments in Brisbane in particular, and possibly in some parts of Melbourne”. ‘

Read more at SMH.com.au

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