Australia worse than NZ for housing debt
Su-lin Tan and Geoff Winestock
Updated
Australia faces debt levels higher than those which prompted the Reserve Bank of New Zealand to issue a warning about a major price correction.
The RBNZ in its annual report on Thursday warned that a severe housing correction would pose substantial risks for financial system stability and the broader economy.
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Geoff Winestock writes on News specialising in Politics, Economy, Policy. Connect with Geoff on Facebook and Twitter. Email Geoff at gwinestock@smh.com.au
Su-Lin Tan reported on housing, commercial real estate and property finance. She also covered China and Asian business, trade and politics. Connect with Su-Lin on Twitter. Email Su-Lin at stan@afr.com.au
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