PHOTO: Reserve Bank of Australia
The Reserve Bank of Australia has made a surprising admission that the crackdown on housing lending could crunch the economy, in what could be a hint that the bank will loosen up rules on investor lending.
By now, house price falls are part of the furniture. The price of an average home in Australia has been falling for many months. Prices are falling in city and country alike and very few locations have been experiencing strong growth. (Shout-out to the happy homeowners of Hobart, though!)
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