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Australia:Reserve Bank sounds warning on house prices

The Reserve Bank has issued a fresh warning about the rising risk of a significant fall in house prices if “speculative demand” fueled by cheap credit continues to drive the property market. With investor buyers powering a house price boom in NSW especially, the central bank on Wednesday said the risks in residential and commercial […]

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Steady rates will not stop Sydney housing boom

The Reserve Bank of Australia’s decision this week to keep rates on hold will not halt Sydney’s booming property market, experts say. The median price for a Sydney home rose 1.4 per cent in February, while in the rest of the capitals combined – including Sydney – it was up just 0.3 per cent, according […]