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'Bubbly' Australia housing market may lead to more lending curbs

Regulator says rising prices, record household debt, slow wage growth creating an environment of heightened risk

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Housing prices in Sydney and Melbourne continue to gain even after regulatory measures to curb lending. According to a survey, median prices in Sydney are 12.2 times average earnings and in Melbourne, 9.5 times average earnings.

Sydney

AUSTRALIA is facing a period of "heightened risk" in the housing market, the country's top banking regulator said, amid rising speculation further lending curbs may be imposed to cool runaway home prices.

Australian Prudential Regulation Authority (Apra) chairman Wayne Byres

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