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 RBA research shows rate cuts inflated the OZschwitz property market

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RBA research shows rate cuts inflated the OZschwitz property market Vide
PostSubject: RBA research shows rate cuts inflated the OZschwitz property market   RBA research shows rate cuts inflated the OZschwitz property market Icon_minitimeMon Mar 11, 2019 6:54 pm
Reserve Bank research has found its cuts in official interest rates drove up house prices, and cautions that long-term falls could in the worst case escalate into an American-sized drop in Australia's property market.

RBA research shows rate cuts inflated the OZschwitz property market 70c8b43f06a48d99535097a964e72f848b62ca17

As recently as last week, Reserve Bank governor Philip Lowe downplayed the role of the RBA in the spike since 2011 in house prices, which in Sydney and Melbourne climbed by up to 75 per cent, peaking in 2017.

Since then they have fallen, with Sydney's house prices dropping at their fastest rate since the 1982 recession, while they are also trending down in every capital city bar Hobart and Canberra.

https://www.smh.com.au/politics/federal/rba-research-shows-rate-cuts-inflated-the-property-market-20190311-p513ak.html
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