Jump to content
House Price Crash Forum

"rapid House Price Rises In The Past"

Recommended Posts

Rapid house price rises in the past

Rapid house price rises are being touted as a thing of the past by the Reserve Bank because of tougher lending standards.

The RBA's head of financial stability Luci Ellis says there will be fewer buyers in the housing market, which means less upward pressure on prices.

"Housing prices are therefore going to be cycling around a slower trend than they did in the past," she said.

"There will be more periods where prices are falling a little."

Since the GFC, the RBA and the Australian Prudential Regulation Authority have urged to put an emphasis on the borrower's ability to meet everyday costs as well as their loan repayments.

"After all, it doesn't seem reasonable to expect people to have a poverty-level lifestyle to pay off a million-dollar home," Dr Ellis told the Citibank Residential Housing Conference in Sydney on Thursday.


Oh yeah, sorry.... this is from Oz not the UK. Apparently those in power over there understand the silliness of crazy house prices.

Share this post

Link to post
Share on other sites

steady on, aussies only just recently elected that new guy!

Ah so he's probably still in the "common sense" phase. Give him a couple of years, and he'll be borrowing and pumping up prices like everyone else.

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   209 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.