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.



Maclean helipad decision could come before election says MP

premium_icon Maclean helipad decision could come before election says MP

State MP still unsure on funding for a helipad at Maclean hospital.

MP petitions own government over hospital funding priority

premium_icon MP petitions own government over hospital funding priority

MP calls on people power to help get vital hospital funding approved

Man killed by lightning in NSW

Man killed by lightning in NSW

Severe storm activity is heading for the state this afternoon

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