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.
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See how importance of “Housing Bubble” has changed over time for 34.2k Australia voters.
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Unique answers from Australia users whose views extended beyond the provided choices.
@8J887WK3yrs3Y
Don’t know enough about it to decide
@JoshLP19973mos3MO
Yes, but only after a temporary rental cap, so renters aren't the ones forced to pay for the increase.
@9G3HCKJ6mos6MO
We should strive towards easier access to finance for loans, and create legislation to prevent housing pricing from reaching exorbitant levels
@98WZG7L1yr1Y
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.
@98Q82ZJ1yr1Y
No, Government should instead remove negative gearing for rental properties and cap the amount of properties one can own.
@98572Z61yr1Y
Too late,housing bubble is here
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