ANZ executive warns surging house prices could spark interest rate rise – NEWS.com.au

The supply and demand shortage that has driven house prices through the roof is unlikely to end any time soon and could easily spark an interest rate hike, one of Australias big four bank executives says.ANZ chief executive Shayne Elliott says the current low interest rate levels have put home ownership front and centre in almost everyone’s mind.
That in turn has caused a major supply issue and sparked the surge in property prices across Australia, which has mainly been the only inflation within…

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