Housing affordability is a major concern for many Australians. Negative gearing, foreign investment and immigration are just some of the factors identified as pushing house prices beyond the reach of younger people in particular. That’s despite interest rates being at historically low levels, banks being willing to lend more than in the past, and a […]
The Reserve Bank has issued a fresh warning about the rising risk of a significant fall in house prices if “speculative demand” fueled by cheap credit continues to drive the property market. With investor buyers powering a house price boom in NSW especially, the central bank on Wednesday said the risks in residential and commercial […]
The ABA’s (Australilan Bank association) own definition of a residential property bubble surely indicates that Australia currently has one. There’s no getting around the fact that our real estate is abnormally expensive, writes Michael Janda. Contrary to the headlines, an Australian Bankers’ Association (ABA) report released today doesn’t rule out a property bubble. Yes, the […]
