- 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”.
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Between October and January, the annual growth in lending to property investors jumped from 9 per cent to 27 per cent. Photo: Graham Denholm