Apr
14

RBA Sees Risks Shifting to Aussie Home-Builders From Home-Buyers

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  • Slowdown in Chinese demand for properties a risk to developers
  • Commercial property in Brisbane and Perth also under pressure

Australia’s central bank said lending risks in the economy have switched to residential developers from home buyers because of a possible apartment glut in inner-city areas.

The problem is probably worst in central parts of Melbourne and Brisbane, where new supply is geographically concentrated, and increasingly in Perth, state capital of resource-rich Western Australia, the Reserve Bank of Australia said Friday in its semi-annual Financial Stability Review

RBA Sees Risks Shifting to Aussie Home-Builders From Home-Buyers

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