New rules by the banking regulator to tighten the way Australia's banks lend money to homebuyers are working to cool the property market -- with prices across the country falling. It comes as the Reserve Bank kept official interest rates on hold at 2 per cent. Maheswaran Prabaharan reports in Tamil, feature prepared by Ricardo Goncalves for SBS News.
New rules by the banking regulator to tighten the way Australia's banks lend money to homebuyers are working to cool the property market -- with prices across the country falling. It comes as the Reserve Bank kept official interest rates on hold at 2 per cent. Maheswaran Prabaharan reports in Tamil, feature prepared by Ricardo Goncalves for SBS News.
