Live preview mode. Wire is not yet published.
RBA dismisses talk of a housing bubble as unrealistically alarmist
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)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Comments
Comments
Sign In or Join Free to comment
most popular
Funds
8 ETFs for a high growth, low cost portfolio
Livewire Markets
Equities
The chink in Nvidia’s armour that everyone missed
Fat Tail Investment Research