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Housing stock gains $1 trillion in value even as businesses shed staff – Sydney Morning Herald

Australia has recorded the fastest increase in property values on record, gaining $1 trillion in just five months, even as the…

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Banks must test whether new customers could manage their repayments at an interest rate 3 percentage points higher than the actual rate on the loan. Until now, banks have added 2.5 percentage points known as a serviceability buffer onto the rate of the…

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