Business
Home loans surge in Australia as owner-occupiers borrow $20bn in December – The Guardian
Reserve bank not expected to raise interest rates on Tuesday amid growing concern about overheating housing market
Home loans continue to grow at a record pace, driven by enthusiastic demand from first-time buyers even as housing prices hit new highs in the first weeks of 2021.
The risk of an overheating housing market may raise concerns for the Reserve Bank of Australia down the track.
But economists do not expect it will be making any short-term changes to monetary policy when its board meets for the first time this year on Tuesday.
The Australian Bureau of Statistics said the value of new owner-occupier home…
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