Story in the Herald yesterday. The banks are a bit behind on this:
http://www.smh.com.au/business/banks-restrict-loans-in-risky-mining-towns-20131125-2y636.html
Banks are reining in home lending to investors in resource sector hot spots, as lower spending by miners hits regional property markets and prompts banks to reassess their exposure.
Two of the country's biggest banks, Commonwealth and ANZ, have in recent weeks curbed riskier lending in areas that rely on resource industries.
snip...
http://www.smh.com.au/business/banks-restrict-loans-in-risky-mining-towns-20131125-2y636.html
Banks are reining in home lending to investors in resource sector hot spots, as lower spending by miners hits regional property markets and prompts banks to reassess their exposure.
Two of the country's biggest banks, Commonwealth and ANZ, have in recent weeks curbed riskier lending in areas that rely on resource industries.
snip...