Business
Why the RBA won’t target house prices like NZ – The Australian Financial Review
The RBA will closely watch the Reserve Bank of New Zealand’s move to consider house prices in setting interest rates, but is not likely to follow suit.
Yet Australias central bank and the Coalition government will not follow New Zealands lead.
At a purely political level, the Liberal-led government and many Liberal voters like low interest rates and rising house prices.
Philip Lowe is not worried about local house prices. Dominic Lorrimer
History shows Liberals are more likely to offer grants for housing and construction and, potentially, early release of superannuation to deal with the political problem of housing affordability challenges.
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