Relevant:
- Sydney Home Prices Drop Most in 5 Years as Regulation, Rates Bite
- Melbourne Hasn't Seen Worst Of Housing Drop As Glut Builds
- Australia to Hit Gas as Record Rate Cuts Fail: Mortgages
- Here Comes The Housing Bust "Reverse Wealth Effect," (AU, UK and CA kick into full downswing)
- Record Number of Homes for Sale in Melbourne; Sub-Prime Collapse; "No End in Sight" for Arrears on Low-Doc Loans
2016-12-01 — bloomberg.com
...
Record low interest rates put in place by the Reserve Bank of Australia to help ease the economy's shift away from mining investment and combat low inflation have helped to spur a housing boom in the nation's biggest centers and the central bank has repeatedly voiced concern that apartment gluts are developing in central Melbourne and Brisbane.
...
"There are emerging signs of stress" in the economy, the head of Australia's third-biggest bank told a Reuters event in Sydney.
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