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Australia sticks with blunt tools to battle housing bubble

Regulators are eschewing more focused measures that have had some success in New Zealand, China

Auckland in New Zealand had been grappling with rocketing property prices until the country's central bank asked lenders to require a greater deposit for home loans just in that city.


IN THEIR struggle to cool red-hot property prices in Australia's big cities, the authorities are ratcheting up measures that could dent the whole market but avoiding more targeted steps that have had some success in New Zealand and China.

Australian regulators first focused

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