Come with me if you want to live....
-
Further falls in house prices will hit the economy, says Reserve Bank
The Reserve Bank has warned bigger falls in house prices will start to hurt the economy and drive up unemployment, admitting the downturns in the key Sydney and Melbourne property markets were now at "historical" highs. As one of the nation's big banks conceded tumbling prices were hurting consumer confidence, minutes of the bank's latest meeting at which it kept official interest rates on hold reveal deepening concern and possible division within the RBA over the property market. House prices rose by almost 50 per cent between 2012 and 2017 but since then have fallen by 8 per cent. Sydney dwelling prices have ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Feb 19, 2019 6:42am Feb 19, 2019 6:42am
-
Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
- Comment #2
- Quote
- Feb 19, 2019 6:45am Feb 19, 2019 6:45am
-
Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Come with me if you want to live....
- Comment #3
- Quote
- Feb 19, 2019 7:43am Feb 19, 2019 7:43am
- Guest
- | IP XX.XXX.59.123