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Multi-property investors worry RBA

Growing risks in the Australian property market.

The Reserve Bank of Australia says one in ten investors now own three or more properties and, in its Financial Stability Review released on Friday, said multiple property ownership had likely contributed to risk in the financial system.

The RBA said the number of investors with five properties grew by 7.5 per cent between 2013/14 and 2014/15 - almost double the rate of growth over the previous nine years

Topics: Banking

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