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Reserve Bank worried about responsible lending as house prices soar – NEWS.com.au
Reserve Bank worried about responsible lending as house prices soar
Australias central bank boss says his biggest worry about booming house prices is whether Aussies are continuing to borrow responsibly, but hosed down speculation interest rates could rise sooner rather than later.Real estate experts were surprised by the resilience of the residential property market last year and that strength has continued into 2021, with CoreLogic data released on Monday showing home values rose by 2.1 per cent last month — the biggest month-on-month leap in more than 17 years.
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