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Risky Aussie loans fuel record home prices

Banks concerned as mortgages with LVR higher than 80% rise to 35% at 4 lenders
Tuesday, December 3, 2013 - 06:00

[SYDNEY] Australia's biggest banks, whose lending standards helped the nation avoid a property crash during the global credit crisis, are raising concern with home loans helping to fuel record house prices. The proportion of mortgages that represented more than 80 per cent of a home's value -