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.



Russell Crowe asks where were the dignitaries at Dawn Service?

Russell Crowe asks where were the dignitaries at Dawn...

Russell Crowe calls out Coffs Harbour dignitaries after dawn service

'You're a disgrace': Protester disrupts Anzac Day service

'You're a disgrace': Protester disrupts Anzac Day service

Protester yelled "Germany should have won the war" during Last Post.

Age no impediment for last of Grafton's diggers

Age no impediment for last of Grafton's diggers

Henry Caldwell has never missed an Anzac day since his service

Local Partners