Noosa News
Surging house prices fuel interest rate rise warning
The supply and demand shortage that has driven house prices through the roof is unlikely to end any time soon and could easily spark an interest rate hike, one of Australia’s big four bank executives says.
ANZ chief executive Shayne Elliott says the current low interest rate levels have put home ownership front and centre in almost everyone’s mind.
That in turn has caused a major supply issue and sparked the surge in property prices across Australia, which has mainly been the only inflation within the economy, he says.
“It’s just asset…
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