Should the government raise interest rates to prevent a housing bubble?

No, they should exponentially increase taxes on people with multiple investment properties and stop foreign investors from purchasing land or homes and reclaim purchased property or land.

No, the government should either subsidise more competition in the sectors with large market monopolies or regulate them

The RBA should raise interest rates to control inflation and maintain their target inflation, as per their mandate.

Require more info on topic. But policies to help reduce artificial housing inflation is a positive to most Australians

I don't believe raising interest rates will be enough to prevent a housing bubble. It is more likely to make housing unaffordable to the young and low income citizens

Yes, but at a reasonable rate, and reverted back to the original rate once there is no clear threat of a housing bubble.

They need to find the balance between not hurting low and middle income Australians with high rates while at the same time ensuring affordable housing

No, but it depends on how much interest rates should be whether you are in cities, suburbs or rural areas based on the house or apartment.

The government should use one of the many other tools to prevent a housing bubble instead of relying on the same one over and over to minimal effect

Yes, but only after a temporary rental cap, so renters aren't the ones forced to pay for the increase.

We should strive towards easier access to finance for loans, and create legislation to prevent housing pricing from reaching exorbitant levels

They should remain independent

Don’t know enough about it to decide

No. Interest rate raises affects the working class, not investors. People should be limited to one investment property.

Interest rate raises affects the working class, not investors. People should be limited to one investment property.

Only for investment properties

Depends on performance of economy

No, abolish the RBA.

No, except for investment properties

Rather than raising the 'cash rate' which increases the cost of all borrowing, the RBA should have the power to levy an extra charge (like a GST) on all lending for purposes which it wants to quell. Eg if house prices are raging in a certain city, but not elsewhere, increase the cost of borrowing for existing homes only in that a city. This makes new homes relatively less expensive, encouraging supply. This approach can be extended to all manner of borrowing where you want to target a specific sector and/or region

The housing bubble may exist, but increasing interest rates is not how you'll solve the issue. The issue is housing affordability

Yes, but maintain it to a decent rate so the market don’t break

No, there are other ways to lower house prices such as purchasing limits for buyers

No, housing affordability should be addressed another way.

rate fluctuations are designed and implemented to assist investors with large cash reserves ,it's a scam

Fiat currency is doomed

Lemme buy a house. Dog

Abolish the rba

No, but they should be raised for only those who own more than one property.

Yes, but make exceptions for first home buyers.

I’m uneducated in this

RBA does not influence my interest rate on my loan. The banks do.

To complicated to answer for the general public

No, land and housing should only be owned by and sold to Australian citizens.

Yes, but only for those who are buying an investment property, not on people’s primary domestic dwelling

Not a political question. The reserve bank should remain independent of government interference

Yes but not on first home owners

Your interest rate should increase exponentially with the number of houses you own

No, there should be other ways to reduce housing prices than further isolating young FHB.

The housing bubble must be fixed by actively decreasing the cost of living and housing by offering public options.

No, this has the potential to damage new home owners cash flow

How would I know. Leave that to the experts in that area

It already exists. Too late

They should raise interest rates for private savings and create far more public housing and affordable, stop negative gearing or property only for investment purposes. Housing should be a human right. There should be reasonable restrictions on owning a second dwelling e.g. for children, education or work commitments, but not just as holiday accommodation and left empty for 11 months a year.

I don’t think it as simple a question to distill down to rates alone.

We should stop allowing the foreign purchase of property.

Force the bubble and then burst it, the housing market is too far gone

no lower them

It's far too late now to prevent a housing bubble. They should have acted earlier and the federal govt should have removed the capital gains tax exemption on houses over a calculated and agreed amount.

The RBA are the 'experts', it's not up to me.

This is a dumb question as the RBA is independent and will act irrelevant of the federal government's stance on interest rates

Yes, but only for the cities where this is an issue - interest rate based on postcode.

The reserve bank should be abolished.

No, we're in a recession.

Government Get Out!

Generally speaking yes, but because of Covid and the impact this would have on people who cant work, no

No bailouts, Let it fail

No. I think the current lending will help Manage the sector. The horse has already bolted with the Chinese investments several years ago increasing the house prices. The prices now are so far out of our children’s reach. Too late guys.

don’t know

No, only if the economy requires it.

No, regulate the banks, don't punish the home-buyers

Maybe, if this is included in the inflation statistic (which it currently isn’t)

No, if house prices are the only motivating factor.

Housing should be affordable for All. Low interest rates are good... but not if your mortgage lasts to the end off your paid work years or your lifetime. Houses have exceeded their true worth.

I dont really know about this

The RBA should carry on doing what it's doing indepedently based on its macroeconomic goals/targets.

No, but raise them sooner than they are saying.

Increase Capital Gains tax instead, along with other tax reform

No, I dont believe raising interest will have a huge effect. Instead I think the government should offer more subsidies and benefits for Australian citizens and raise a tax against foreign investors.

All usury should be outlawed.

That should be up to the bank

No. The Reserve Bank of Australia should never interfere with interests rates.

Yes but apply these interest rate increases only to Area's where the bubble is presenting itself this will promote investment in other areas

don’t care

There are too many other factors that should be considered. Beyond my competence to decide

Yes, but not dramatically

What does this have to do with housing? Higher interest rates means more to pay back. Why would you wanna pay more for a house? However, if it’s the bank giving you back interest then, yeah whatever.

Interest Rates should reflect econonmic health and spending and should not be used to control the property market. If property is unaffordable, then rent also rises. Shelter is a basic human right and should not be tampered with.

No, Government should instead remove negative gearing for rental properties and cap the amount of properties one can own.

Too late,housing bubble is here

Limit houses to one per person

I hope the bubble bursts

Only for investment propery

Banks should raise interest rates for high income earners purchasing investment properties

The bubble is there already?

No, Australians are struggling already with COVID and other employment issues

Don’t know enough Economics to have an informed opinion

Interest rate need to remain neutral of government interference.

No they should lower interest rates and cap them for first home buyers and not let immigrants buy

they should lower interest rates and cap them for first home buyers and not let immigrants buy

No, the housing bubble could be prevented by reducing negative-gearing incentives, stopping or limiting foreign investment of housing and reducing other incentives for investment properties.

Should never have allowed it in the first place

Irrelevant to me as I will never get a loan. Or a house.

Home loans on your first home should be set on a low interest rate for the length of your loan like my parents in the 50-70… this allows families to budget properly.. should be a limit to cost of home and obviously not for investment or negatively geared properties.. given problems are caused more from company inc. Banks huge profits and huge tax minimisation

No, as interest rate hikes only lead to worse housing bubbles and it's already too expensive for mortgages and rent as it is

Initially yes. Then stop

no, this will only benefit banks and will not do much but ruin small business and families. a competent government could do this in other ways

No, it is better to buy up stock and hold it, and then refurbish it and release back on to the market when more housing is needed, at maximum 10% discount to prevent too high a loss for the government

Inflation and the housing market should not be controlled and fuelled through the banks, this is where the government should be stepping in to control issues that are pose a national security.