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.
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Trend of how important this issue is for 35.2k Australia voters.
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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
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