Reserve Bank increasingly concerned about surging house prices, watching for signs of lax lending standards

The Reserve Bank governor has signalled that financial regulators are becoming increasingly concerned about surging real estate prices in parts of Australia.

As the central bank begins to wind back its massive emergency stimulus rolled out during the COVID crisis, Philip Lowe says the RBA is "closely monitoring" the housing market while stopping short of announcing any intervention.

I spoke with Tom Oriti on ABC NewsRadio

I also spoke with Sabra Lane on AM