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RBA dismisses talk of a housing bubble as unrealistically alarmist

Tom McKay

Livewire Markets

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)


Tom McKay
Managing Director and Co-Founder
Livewire Markets

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.

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