RBA says low rates will push up house prices – Sydney Morning Herald

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.
CoreLogic data shows that despite the deepest recession since…

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