Debt-burdened home owners vulnerable to shocks: RBA

By Clancy Yeates
Updated September 26 2017 - 1:28pm, first published 1:22pm
New housing development in the outer Melbourne suburb of Craigieburn. Generic urban sprawl, urban development, new housing estate, outer suburbs, housing developments, urban fringe, rooftops, green wedge, rural fringe, city planning, commuter suburbs. Picture by PAUL ROVERE / THE AGE. 31 March 2011. NEWS
New housing development in the outer Melbourne suburb of Craigieburn. Generic urban sprawl, urban development, new housing estate, outer suburbs, housing developments, urban fringe, rooftops, green wedge, rural fringe, city planning, commuter suburbs. Picture by PAUL ROVERE / THE AGE. 31 March 2011. NEWS

Home buyers who stretched themselves to enter the property market while interest rates were at record lows could be "vulnerable" to economic shocks, a senior Reserve Bank official says.

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