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.


Teenage boys arrested with shotgun after car crash

premium_icon Teenage boys arrested with shotgun after car crash

An alleged Saturday night crime spree resulted in a car crash and two arrests by...

Why Brisbane venues weren’t fined over the weekend

premium_icon Why Brisbane venues weren’t fined over the weekend

Claims of double-standards have intensified

BUSTED: Chinchilla police crackdowns as homes raided

premium_icon BUSTED: Chinchilla police crackdowns as homes raided

RAIDS on homes across Chinchilla saw alleged burglars and car thieves arrested and...