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1.Market Observations, 8.Was Sticky

1 Aug 2017 (AFR) – Heat on RBA as residential property borrowing hits a record

(1 August 2017, AFR, p3, by Duncan Hughes)

‘Residential property borrowing continues to grow despite repeated attempts by regulators to jawbone banks and borrowers into cutting back, according to official statistics. The nation’s bill for house borrowing has hit a record $1.69 trillion, which is bigger than the country’s gross domestic product and nearly equivalent to superannuation savings, the latest numbers from the Reserve Bank of Australia reveal.’

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