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Rate cut pours fuel into housing market, but is it too much? – The Australian Financial Review
The property markets will gain from the much anticipated rate cut but it could also be paving the way for a housing bubble, some analysts warned.
Mr Christopher’s caution comes amid plenty of signs that the housing market is already on its way back. Spring has even arrived in Melbourne, where house listings surged 26.7 per cent in October, according to SQM Research figures.
Even before the Reserve Bank made its historic decision, official figures this week showed a surge in new home loans, with property prices rising in all capitals bar Melbourne, which is nevertheless on the path to catching up as well.
Underpinning that rebound in the residential…
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