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Some Australian allies expressed concern over the tweet, including New Zealand Prime Minister Jacinda Ardern, with the support coming as Australia looks to strengthen its alliances in the Indo/Pacific region as a guard against Beijing’s increasingly strident diplomacy.
In her first line of questioning, Collins asked Prime Minister Jacinda Ardern twice if she could rule out a change, getting two long answers from Ardern that did not see her rule out anything. Instead, Ardern offered jabs at National for having introduced the test that it was now against extending.
Economist Tony Alexander said this could lead to the Reserve Bank increasing the LVRs to 40 per cent and requesting the ability to use debt to income ratio rules, while the Government could extend the bright line test from five years to up to 10 years.