Business
RBA says low rates will push up house prices – Sydney Morning Herald
Banking regulators are prepared to tighten lending standards if record low interest rates deliver the nation a new housing boom.
That paper found low interest rates plus the RBA’s quantitative easing program were lowering borrowing costs, “contributing to a lower exchange rate” and supporting assets including the prices of houses.
It noted that higher asset prices should push up the wealth of people and translate into increased spending, especially for “credit-constrained households”.
“Housing prices are likely to (increase) alongside other asset prices,” it found.
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