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Pressure mounts on RBA to hike interest rates as property prices keep climbing – NEWS.com.au
Pressure mounts on RBA to hike interest rates as property prices keep climbing
Residential property prices continue to surge, jumping at the strongest monthly rate in more than 17 years last month, fuelling expectations interest rates will rise quicker than flagged by the central bank.The latest CoreLogic data reveals home values swelled by 2.1 per cent in February, the biggest month-on-month change in the research group’s national home value index since August 2003.
The biggest gains were in the high end of the market – the top 25 per cent of property values – with a typical…
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