In 2015, Treasury Secretary John Fraser warned that Australia’s largest cities were experiencing a housing bubble. He warned that the major cause of the bubble was low interest rates and access to easy financing for real estate loans. In 2016 the average price of a home in Sydney passed $1M. Former Prime Minister Tony Abbott argued that increasing house prices in cities were a sign that the economy was healthy.
@992BSPC5 days
Yes, for loans over a certain amount. It is not fair for a person who has borrowed below $500K to pay higher interest rates and have to survive below the poverty line to meet ends meet. Therefore those whom are on a good income and has borrowed above $500K should pay the higher interest rates. Interest rates should be scale to meet the income.
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.
@98Q82ZJ3wks
No, Government should instead remove negative gearing for rental properties and cap the amount of properties one can own.
@98572Z62mos
Too late,housing bubble is here
@984C83N2mos
Limit houses to one per person
@97ZGKT93mos
I hope the bubble bursts
@96TCBH74mos
Only for investment propery
@HippopiJ7mos
No. Interest rate raises affects the working class, not investors. People should be limited to one investment property.
@HippopiJ7mos
Interest rate raises affects the working class, not investors. People should be limited to one investment property.
@9366QQ29mos
Only for investment properties
@935B2TP9mos
Depends on performance of economy
@934QN9F9mos
@933ZVXX9mos
No, except for investment properties
@933TLGH9mos
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
@933DL869mos
The housing bubble may exist, but increasing interest rates is not how you'll solve the issue. The issue is housing affordability
@932K8X69mos
Yes, but maintain it to a decent rate so the market don’t break
@932FW2M9mos
No, there are other ways to lower house prices such as purchasing limits for buyers
@932BBQS9mos
No, housing affordability should be addressed another way.
@92ZDPT69mos
rate fluctuations are designed and implemented to assist investors with large cash reserves ,it's a scam
@92Z9R5Q9mos
No, Australians are struggling already with COVID and other employment issues
@92YL68N9mos
Banks should raise interest rates for high income earners purchasing investment properties
@92YFNP29mos
Don’t know enough Economics to have an informed opinion
@92XSKBH9mos
Interest rate need to remain neutral of government interference.
@92X8DQH9mos
No they should lower interest rates and cap them for first home buyers and not let immigrants buy
@92X8DQH9mos
they should lower interest rates and cap them for first home buyers and not let immigrants buy
@92WG8RX9mos
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.
@92WHX9C9mos
Should never have allowed it in the first place
@92WCH6D9mos
Fiat currency is doomed
@92VKFYH9mos
Irrelevant to me as I will never get a loan. Or a house.
Lemme buy a house. Dog
@92JX7Z210mos
The bubble is there already?
@92H2RGX10mos
No, but they should be raised for only those who own more than one property.
Yes, but make exceptions for first home buyers.
@DrewWolfSP10mos
No, a national housing policy plan should be engaged in.
@jazminehope10mos
I’m uneducated in this
@92C82CH10mos
RBA does not influence my interest rate on my loan. The banks do.
@92BXZQR10mos
To complicated to answer for the general public
No, land and housing should only be owned by and sold to Australian citizens.
@92BTLPW10mos
Yes, but only for those who are buying an investment property, not on people’s primary domestic dwelling
@92BKBGS10mos
Not a political question. The reserve bank should remain independent of government interference
@9295VYZ10mos
Yes but not on first home owners
@927ZNDV10mos
Your interest rate should increase exponentially with the number of houses you own
@9275BQV10mos
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.
@Cooney691210mos
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
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