CoreLogic's December survey found prices nationally have risenwhile the more expensive and indebted markets of Sydney and Melbourne have jumped by more than 6 per cent.
"There's a real possibility here that the prices in Sydney and Melbourne are going to continue to fire up right throughout 2020 before we see any action from [prudential regulator] APRA." "Every new house that comes onto the market, I feel a need to immediately go see, because they're going really quickly and there's not much new stock coming on," she said.
The fear of further inflating house prices and debt was one of the key reasons behind interest rates being kept on hold for almost three years, despite below average economic growth and inflation remaining well below the RBA's target band during that period.
So houses becoming increasingly unaffordable again. Why is a price rise from ridiculous to outrageous referred to as 'surging?' You're sounding like real estate agents.
RBAInfo StephChalm Stephen_Letts What do you expect when the Feds allow rich Asian migrants to come to Sydney and buy up houses for $2 million now
playing with housing to control a country is bullshit scam for banking profits, then those same people expect to be bailed out, base the economy on the min wage government shouldn't be run as a business
They’ll choose the Ponzi every time.
'surging house prices' Hehe good one.
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