Business
Soaring housing debt a financial risk: Reserve Bank – Sydney Morning Herald
The RBA says while higher house prices boost the economy, they could pose a financial risk if they are pushed up by high debt…
Even though the banks have strong balance sheets and lending standards are being maintained, there is a risk that in this environment, households will become increasingly indebted, she said.
A high level of debt could pose risks to the economy in the event…
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