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Nervous banks slam on brakes for borrowers

Property prices in recently top performing inner suburbs of Melbourne and Sydney are being "belted" by up to 10 per cent as banks slam the brakes on lending in response to tougher regulatory scrutiny and the banking royal commission, according to real estate and buyers' agents.

Property prices in recently top performing inner suburbs of Melbourne and Sydney are being "belted" by up to 10 per cent as banks slam the brakes on lending in response to tougher regulatory scrutiny and the banking royal commission, according to real estate and buyers' agents.…

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