Monday, September 30, 2019

Rate cut could refuel housing bubble analyst Martin North warns as UBS "liar loans" survey worsens

With the Reserve Bank widely expected to cut interest rates again tomorrow, a top analyst is warning that a dangerous new housing bubble is building as lending standards fall. 

As the cash rates heads 0.75 percent, the "liar loan" survey from the the UBS investment bank is showing that more people are falsifying their loan applications. 

Martin North from Digital Finance Analytics and Dr Timo Henckel from the ANU shadow Reserve Bank board speak with ABC's Peter Ryan.

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