Low Rates Could Push House Prices Up 30pc: RBA
Analysts at the Reserve Bank have projected house prices could increase by 30 per cent over the next three years if low interest rates prevail. An RBA report released under a Freedom of Information request on Friday examined the effect of ongoing low interest rates on asset values. The central bank has cut the cash rate by 1.4 percentage points over the past 18 months and it is now at an all-time low of 0.1 per cent. The report shows that low interest rates will increase asse
'Critical' SEQ land supply shortage prompts affordability warning
South-east Queensland house prices could rise and rentals become unaffordable if a "critical" shortage in land supply is not urgently addressed. The Urban Development Institute of Australia's Queensland branch has warned that the Gold Coast, Sunshine Coast and Redlands have fallen well behind standard land availability benchmarks. The Gold Coast is facing a severe land shortage. Under state government rules, all local government areas should have four years' worth of approved
