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 1.5k Victoria voters.
45% Yes |
55% No |
45% Yes |
55% No |
Trend of support over time for each answer from 1.5k Victoria voters.
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Trend of how important this issue is for 1.5k Victoria voters.
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Unique answers from Victoria voters whose views went beyond the provided options.
@8Z3JQPY3yrs3Y
Will never be able to afford my own home either way so this question just depresses me.
@9ZL34PS1wk1W
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 1mo1MO
No, the government should either subsidise more competition in the sectors with large market monopolies or regulate them
@9TQ7ZMV2mos2MO
The RBA should raise interest rates to control inflation and maintain their target inflation, as per their mandate.
@9TKSK4D2mos2MO
Require more info on topic. But policies to help reduce artificial housing inflation is a positive to most Australians
@9S7LL4X3mos3MO
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
@9QS3S9L5mos5MO
Yes, but at a reasonable rate, and reverted back to the original rate once there is no clear threat of a housing bubble.
@9MF9GYX6mos6MO
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
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