RBA all but admits failure

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By Leith van Onselen

The Reserve Bank of Australia (RBA) has released its bi-annual Financial Stability Review (FSR), which displays growing angst within the Bank about Australia’s property bubble.

The RBA took direct aim at Australia’s budding apartment oversupply, noting:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.