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Aussie home market cooling as banks tighten reins

Regulators step in after low mortgage rates and a flood of Chinese investments propel home prices 29% higher in three years


NICK Hart bought four homes in Adelaide in less than two years, and was getting ready to make an offer for a fifth, when a regulator-inspired move to cool the sizzling Australian property market spoiled his plans.

"I went to my bank for my next home loan and their response...