Photographer: Patrick Hamilton/Bloomberg

RBA Sees Signs Home Market Slowing, Oversupply in Some Areas

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  • Home lending standards were weaker, since been tightened
  • Risks have grown in bank lending to property developers

Australia’s over-heated housing market could be starting to slow while rapid home construction in some areas is creating an oversupply, the central bank said in its semiannual assessment of risks to the country’s financial system.

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