Business
RBA keeps interest rates at record low of 0.1% as housing prices hit record highs – The Guardian
Property prices continue to rise across all capitals, fuelled by local buyers and lack of supply
The reserve bank has continued to hold interest rates at a record low of 0.1% as house prices across Australia keep rising.
The national housing market rose 2.2% in May, according to the latest data from CoreLogic, following on from a 1.8% rise in April and a 32-year record rise in March of 2.8%.
In Sydney prices rose 3% in May alone, and prices are now up 9.5% in only the past three months (March-May).
They rose 8.5% in the first three months of 2021 the largest quarterly rise since records began….
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