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Anti money laundering laws pose another threat to house prices

Australia’s housing market is facing a ‘perfect storm’ of forces that are converging to deliver the largest price correction in generations. First, following this year’s three rate hikes by the Reserve Bank, mortgage rates in Australia are tracking at their equal highest in more than a decade. As a result, a wide gap has opened The post Anti money laundering laws pose another threat to house…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

Read the original at macrobusiness.com.au →

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