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An Australian property market reckoning is coming

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The Reserve Bank’s charter requires it to work towards the economic prosperity and welfare of all Australians, but for most people that can be narrowed down to one issue – house prices.

Since the advent of non-bank lenders in the mortgage market in the 1990s, property prices have grown faster than wages and inflation, generating an ongoing debate about who is to blame for a situation that leaves one of the world’s most sparsely…



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