Christies Beach RLA 266739
71 Beach Road Christies Beach
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The RBA decided at its board meeting today to keep interest rates at 1.50 per cent. The statement by Philip Lowe has now been released. He said that “Conditions in the housing market vary considerably around the country. Housing prices have been rising briskly in some markets, although there are some signs that these conditions are starting to ease. In some other markets, prices are declining. In the eastern capital cities, a considerable additional supply of apartments is scheduled to come on stream over the next couple of years. Rent increases are the slowest for two decades. Growth in housing debt has outpaced the slow growth in household incomes. The recent supervisory measures should help address the risks associated with high and rising levels of household indebtedness. Lenders have also announced increases in mortgage rates for investor and interest-only loans”
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Article posted by Melissa Chaplin