Sydney, Melbourne property markets can avoid crash landing: RBA’s Bullock

House price growth in Sydney and Melbourne is being driven by the “basics of supply and demand,” according to a senior Reserve Bank of Australia official.

RBA Assistant Governor (Financial System) Michele Bullock told the Melbourne Institute/The Australian Economic & Social Outlook Conference in Melbourne this afternoon “there are some fundamental issues going on that do not mean we are heading for a housing crash in these cities’’.

The senior official also said the jury is still out on what might happen in the event of a bank failure despite moves to impose higher capital levels of the big four banks and greater supervision by regulators.

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Leave a Reply

thirteen − seven =