General
RBA governor Philip Lowe says it is a ‘good time’ for first home buyers
Reserve Bank governor Philip Lowe says it is a “good time” for first home buyers in Australia because conditions are working strongly in their favour.
Key points:
- RBA governor Phil Lowe says first home buyers are taking advantage of Australia’s record-low interest rates
- He says he is not concerned that property prices will rise too much, at this stage
- He says the lack of population growth means property market dynamics have changed
Dr Lowe said he was not concerned about house prices growing too rapidly either, because with virtually zero population growth and international borders closed, the dynamics of Australia’s housing market had “fundamentally” changed.
Appearing before a federal parliamentary committee on Wednesday, Dr Lowe was asked…
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