Business
Surging property prices could force RBA to reassess ultra-low rates, economists warn – Sydney Morning Herald
Some economists believe the RBA may have to start lifting rates as early as next year to deal with house prices, which rose 3 per cent in Sydney and 2.5 per cent…
Nationally, prices rose by 2.1 per cent over the four weeks of February the single largest monthly jump since August 2003 aided by ultra-low interest rates and federal and state government COVID-19 support programs.
Separate Australian Bureau of Statistics figures released on Monday show potential home buyers are increasingly prepared to take on more debt to get a foothold in the property market.
Home loans jumped by 10.5 per cent in January to be 44.3 per cent higher than a year ago. Loans excluding…
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