Should the Reserve Bank of Australia (RBA) raise interest rates to prevent a housing bubble?
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.
Statistics are shown for this demographic
Response rates from 34.9k Australia voters.
42% Yes |
58% No |
42% Yes |
58% No |
Trend of support over time for each answer from 34.9k Australia voters.
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Trend of how important this issue is for 34.9k Australia voters.
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Unique answers from Australia voters whose views went beyond the provided options.
@9S7LL4X7mos7MO
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
@B3HTBZF4 days4D
Since 1991 , it should have been 10% never changed, first home buyers 3% , owner over 2 houses 33% , and rates set at $25000 if more than 2 houses 🏘️ money too go back to pool for homeless, first home 🏡 owners must pay 50 % tax if sold in the first 15 years
@9G3HCKJ1yr1Y
We should strive towards easier access to finance for loans, and create legislation to prevent housing pricing from reaching exorbitant levels
@9FCJJ5W1yr1Y
They should remain independent
@B2WGS2X4wks4W
No, the government should implement regulations that prevent real estate investors and landlords from locking ordinary Australians out of the housing market. Fix the capital gains tax
@9ZL34PS4mos4MO
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.
@9WBLVWR 5mos5MO
No, the government should either subsidise more competition in the sectors with large market monopolies or regulate them
@9TQ7ZMV6mos6MO
The RBA should raise interest rates to control inflation and maintain their target inflation, as per their mandate.
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