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Australia’s booming property market could push up interest rates – NEWS.com.au
Australia’s booming property market could push up interest rates
Australias property market is officially booming, with prices now rising at the fastest rate in 17 years.But while it’s great news for those looking to sell up and line their pockets, there are concerns the market could be on its way to overheating.
And as a result, the Reserve Bank of Australia could potentially be forced to hike up the official cash rate from the current historic low of 0.1 per cent.
While that’s unlikely to happen at this afternoon’s meeting, more and more experts are predicting…
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