House prices rise again as RBA holds rates at record low

Sydney’s median house price has climbed 11.8 per cent so far this year while in Melbourne it is up by 7.1 per cent.

Lending figures from the Australian Bureau of Statistics on Tuesday showed the surge in prices is starting to affect the types of buyers entering the market. Total loans jumped by 5.5 per cent in March to a record high driven by a 12.7 per cent lift in investor loans.Loans to first-home buyers fell by 0.9 per cent, the second consecutive month of declines for this group, which had been benefiting from state-based incentive programs over recent months.

“First-home buyers look to have peaked as incentives are reduced, demand has been brought forward and worsening affordability is starting to bite,” he said.Our Morning Edition newsletter is a curated guide to the most important and interesting stories, analysis and insights. Sign up to

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House prices rise again as RBA holds rates at record lowBreaking: The Reserve Bank has held official interest rates at record lows amid signs investors are rushing back into the property market and forcing out first-time buyers | swrighteconomy swrighteconomy Well done RBA. You know what are doing . A property bubble while wages are stagnant and real hidden inflation runs amok ( CPI ) is a at this point a joke . On y’a boys . swrighteconomy People fuelling the property surge are returned Aussies (500,000 of them). They are all buying property They aren’t affected by interest rates but rather supply & demand. Raising interest rates will only hurt the supply chain and put more pressure or First home buyers. swrighteconomy Just for a change
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Jobs our focus, not soaring house prices: RBAThe Reserve Bank has conceded record-low interest rates are contributing to soaring house prices but warned governments and regulators it is their problem to solve as the central bank focuses on driving down unemployment | swrighteconomy swrighteconomy No one's in charge of this....... swrighteconomy Last election ppl voted to keep housing prices growing. Now neither party will touch that. Don’t see why you keep banging on about it, when it is a direct consequence of the media destroying anyone who suggests there are any other policy settings. swrighteconomy “but warned governments and regulators it is their problem to solve as the central bank has nothing left in the tank and absolutely no idea what to do.......”
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