Australia’s over-heated housing market could be starting to slow while rapid home construction in some areas is creating an oversupply, the central bank said in its semiannual assessment of risks to the country’s financial system. “There have been tentative signs of some slowing in the Sydney and Melbourne housing markets,” the Reserve Bank of Australia said Friday in its financial stability review. “While the housing market remains a long way from oversupply nationwide, some geographic areas appear to be reaching that point, particularly the inner-city areas of Melbourne and Brisbane.” Risks to Australia’s financial ... (full story)