RBA warns of future apartment oversupply

THE Reserve Bank says an oversupply of apartments poses a risk to household finances and the country's overall stability.

The RBA's biannual Financial Stability Review says a surge in apartment building in Sydney, Brisbane and Melbourne could bring down prices and rents in the coming year.

"If that occurs, investors will need to service their mortgages while earning lower rental income and any households facing difficulties may not be able to resolve their situation easily by selling the property," the report said.

For now, things are stable.



Grafton teacher and former student win national poetry prize

premium_icon Grafton teacher and former student win national poetry prize

Grafton primary teacher wins prestigious national award

How 'cult' leader twice rejected blogger's settlement offer

premium_icon How 'cult' leader twice rejected blogger's settlement offer

More than $52,000 in claims would have been abandoned

Asbestos removal to begin at Minnie Water

premium_icon Asbestos removal to begin at Minnie Water

Clarence Valley Council will start work Wednesday morning

Local Partners