Someone Just Searched For
Agents In

Reserve Bank could pour fuel on fiery Sydney market

Reserve Bank could pour fuel on fiery Sydney market

Sydney's 'exuberant' housing market might be in for another boost as Glenn Stevens raised the possibility of a further interest rate cut.

The governor of the Reserve Bank of Australia told the American Australian Association that Sydney prices have reached excessive levels, partly due to "very easy" credit conditions.

"Popular commentary is, in my opinion, too focused on Sydney prices and pays too little attention to the more disparate trends among the other 80 per cent of Australia," he said.

"That said, it is hard to escape the conclusion that Sydney prices up by a third since 2012 look rather exuberant."

Nevertheless, Mr Stevens hinted that another rate cut might be coming, following the Reserve Bank's decision in February to lower the official cash rate from 2.5 per cent to 2.25 per cent.

Read the full article at REB Online

Chat it over with our property expert Paul. Our local office number is 1300 040 463.

Whilst we strive to give you the best possible online experience, sometimes it's just nice to chat on the phone with a real person.

As Seen on TV

Home Lifestyle
One
Go
7 Flix
9 Life
Gem

Finding Your Property Information

This should only take a few seconds