By Jonathan Pearlman For The Straits Times In Sydney
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AUSTRALIA'S banks have the world's highest exposure to home mortgages and have been warned to rein in lending to avoid a crisis caused by falling property prices.
The warning was sounded in a new report by Moody's Analytics, which said Australian home prices are overvalued and present a "major concentration risk" for the nation's banks. The report said home prices are most likely to fall slowly, but a crash remains a possibility.
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