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.
42% Yes |
58% No |
42% Yes |
58% No |
See how support for each position on “Housing Bubble” has changed over time for 34.2k Australia voters.
Loading data...
Loading chart...
See how importance of “Housing Bubble” has changed over time for 34.2k Australia voters.
Loading data...
Loading chart...
Unique answers from Australia users whose views extended beyond the provided choices.
@8J887WK4yrs4Y
Don’t know enough about it to decide
@9QS3S9L3wks3W
Yes, but at a reasonable rate, and reverted back to the original rate once there is no clear threat of a housing bubble.
@9MF9GYX2mos2MO
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
@9M8CT843mos3MO
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.
@9M89ZGK3mos3MO
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
@JoshLP19977mos7MO
Yes, but only after a temporary rental cap, so renters aren't the ones forced to pay for the increase.
Join in on the most popular conversations.
