RBA dismisses talk of a housing bubble as unrealistically alarmist

Tom McKay

RBA dismisses talk of a housing bubble as unrealistically alarmist. Dr Edey said there was ''no doubt'' demand for housing was rising, but it was critical to keep the trend in perspective. ''Looking back over the last 10 years or so, house prices have risen at a rate equivalent to or on average less than the growth of household incomes,'' Dr Edey said at a Financial Services Institute of Australasia conference in Sydney. The percentage of disposable income that households have tied up in housing has fallen slightly over the past 10 years, figures from the central bank show. Dr Edey said there had been periods when prices had risen more quickly than incomes over the decade, but that did not equal a ''bubble''. Read more: (VIEW LINK)


About this contributor

Tom McKay

Tom McKay

Managing Director and Co-Founder, Livewire

I'm the Managing Director and Co-Founder of Livewire. I'm passionate about collecting and curating the markets most informed insights every day so that our members can discover new investment ideas. If you would like to get in touch - please use...

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Australia property rba

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