The FT (via Fast FT) have ANZ's take on the RBA's Financial Stability Review:
The Review "did not, however, suggest that those concerns (Referring to RBA concerns on property prices, financing etc.) were escalating"
We continue to expect the Bank to rely on macroprudential measures to take the heat out of the more speculative elements of the housing market....Once again, the report noted that its concerns around housing lending were less about financial stability than about the macroeconomic implications of an amplified cycle in house prices.
While the RBA clearly remains somewhat concerned about imbalances in the housing market, we do not expect that these concerns will prevent it from cutting rates again in the coming months. Localised speculative elements in the housing market have been apparent for some time now, and given that they didn't stand in the way of the RBA kicking off a fresh easing cycle in February, we expect that will continue to be the case.
Bolding is mine
