The Reserve Bank of Australia has rejected the notion that ultra-low official interest rates are stoking unsustainable house price increases. Photograph: Lukas Coch/ The central bank even said that it has concerns that the increased demand for housing in the long-run will not lead to an increase in supply to match.
The Reserve Bank of Australia has rejected the notion that ultra-low official interest rates are stoking unsustainable house price increases. Instead, they suggest a failure to supply new homes to a rapidly rising population is a bigger factor. The central bank even said that it has concerns that the increased demand for housing in the long-run will not lead to an increase in supply to match.