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 35.2k Australia voters.
42% Yes |
58% No |
42% Yes |
58% No |
Trend of support over time for each answer from 35.2k Australia voters.
Loading data...
Loading chart...
Trend of how important this issue is for 35.2k Australia voters.
Loading data...
Loading chart...
Unique answers from Australia voters whose views went beyond the provided options.
@9S7LL4X8mos8MO
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
@B3HTBZF1mo1MO
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
@9QS3S9L9mos9MO
Yes, but at a reasonable rate, and reverted back to the original rate once there is no clear threat of a housing bubble.
@9M89ZGK11mos11MO
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
@JoshLP19971yr1Y
Yes, but only after a temporary rental cap, so renters aren't the ones forced to pay for the increase.
@9G3HCKJ1yr1Y
We should strive towards easier access to finance for loans, and create legislation to prevent housing pricing from reaching exorbitant levels
@9FCJJ5W2yrs2Y
They should remain independent
@B2WGS2X2mos2MO
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
Join in on the most popular conversations.
