According to RP Data/Rismark, Melbourne’s prices have jumped by 19.3% in the same period. When and where will it finally end?
The Daily Reckoning discuss the Glenn Stevens interview with David Koch … and the effects of a decade or more of loose monetary policy … and foreign investment in local real estate.
The RBA is pleased that the securitisation market is back on its feet so that a proportion of dodgier-than-usual mortgages can be written. Oh, joy.
The Australian correctly identifies cheap finance and government encouragement to buy NOW as contributing factors to rapid price rises … but in its infinite wisdom it also says that there’s no sign of a bubble. Is there nothing they don’t know over there at the Oz?
Colebatch in Fairfax listing all the arguments in favour of tax reform. Perhaps preferential tax treatment has become a political liability after all…
So building less houses means prices are going to rise … ??
A great walk!
Seriously good news for sellers…