The governor of the Reserve Bank of Australia (RBA), Glenn Stevens, has indicated that the central bank has become less concerned over the state of the housing markets in Sydney and Melbourne, saying that he has faith in the regulatory measures being taken to control the markets. In a speech on Wednesday at Macquarie University, Stevens said there was no evidence yet for an increase in house prices but added that it would be “premature to say so”.
The governor of the Reserve Bank of Australia (RBA), Glenn Stevens, has indicated that the central bank has become less concerned over the state of the housing markets in Sydney and Melbourne, saying that he has faith in the regulatory measures being taken to control the markets. ﻿Stevens noted that regulatory measures "are helping to contain risks that may arise from the housing market", while last month he said RBA was "working with other regulators to assess and contain risks that may arise from the housing market."