Business
RBA pouring fuel on the property boom – The Australian Financial Review
The RBA’s decision to end the Term Funding Facility is essentially pushing forward the property boom.
Home loan commitments to investor buyers jumped 12.7 per cent in March, the fastest increase since July 2003, and the Reserve Bank has dropped its standard line that investors have been subdued.
Property prices have spiked. In Sydney prices have risen by 10.7 per cent since September and are now 7.4 per cent above their previous peak in April 2020.
Director of Money Markets at Curve Securities Peter Sheahan said there is a glut of cheap near-term funding.
A potential $145 billion to add to banks…
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