Australian regulators say risk to financial stability from housing has "abated somewhat"

Report from coordinating body for Australia's main financial regulatory agencies, via Reuters

• potential for risks to Australia's financial stability from falling housing prices in Sydney and Melbourne has abated somewhat
• home values rising in recent months

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RBA has dialled back the concerns to stability - the measures introduced a couple of years ago tamed run away lending for property investment … and saw house prices tumble.