Will Australian regulators step in to take the heat out of the property sector?

Some analysts have suggested the Australian regulators might lift the cash rate to cool the property market,” Governor Philip Lowe observed last week, however he said “I want to be clear that this is not on our agenda.”

Because the central bank is entirely preoccupied with another goal, namely driving Australia’s jobless rate so low to reach effective “full employment”. Noting, there is no point in having cheaper homes if lots of people don’t have a job to service a mortgage.

Commonwealth Bank head of Australian economics Gareth Aird said as long as interest rates remained this low, property prices would keep rising, despite the large negative shock the economy is going through.

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Disclaimer: Not all Properties were bought or sold by TBAS® Buyers Agents. The Auction Results Sydney are compiled for research purposes to assist our valued clients in making educated decisions when purchasing property