Australian property market must be watched by regulators, assistant governor says
Prices rising fast for housing and commercial property in Sydney and Melbourne
Rising prices in some sectors of Australia's property market need close attention from regulators, said the Reserve Bank of Australia's (RBA) assistant governor with responsibility for the financial system on November 6.
Upward price pressure was strongest in the property markets for Sydney and Melbourne, Malcolm Edey told a conference in the city of Gold Coast. Housing prices in Sydney had increased by 31% over the past two years, while in Melbourne housing prices had risen 16% over the year to
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