Business
House price party will end in tears unless someone turns off lights soon – Sydney Morning Herald
House prices are climbing at their fastest rate since Kylie Minogue’s I Should Be So Lucky spent six weeks at the top of the Aussie charts. But future homebuyers…
If the Australian property market were a party, its at that point where the drinks should be put away, the guests kicked out and the bed turned down for a good nights sleep.
Unless the Reserve Bank, the Australian Prudential Regulation Authority and federal and state governments step in soon, the country is going to wake up with a hangover that will last for years.
Capital city house prices have climbed at their fastest rate since 1988, on the back of record low interest rates and government programs.Credit:Peter…
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