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.


Western Downs man busted high on drugs at 136km/h on Warrego

Premium Content Western Downs man busted high on drugs at 136km/h on Warrego

Police patrolling the Warrego Highway busted a Western Downs man allegedly speeding...

Roma on the cusp of significant music festival this weekend

Premium Content Roma on the cusp of significant music festival this weekend

It is only a matter of days until one of the most significant music festivals west...

NAMED: Serial Roma burglar in court for trespassing, given fine

Premium Content NAMED: Serial Roma burglar in court for trespassing, given...

With an extensive criminal history and spending time in jail, a Roma father was...