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Mr Lawless said the two biggest cities would be most vulnerable to any renewed mortgage lending crackdown, given that the ratio of house prices to household income are still around 8.5 in Sydney and 7.
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In the banking space, Westpac’s shares fell 3.3 percent after AUSTRAC, Australia’s financial intelligence agency, accused the lender of breaching anti-money laundering and counter. The six-month.
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