Price disparity in housing market a cause for concern, says RBA’s Lowe
The volatility of the Australian housing market continues to play on the minds of the nation’s policymakers, with housing prices rising “briskly” in some markets.
In a statement following the Reserve Bank of Australia’s (RBA’s) latest policy decision where rates were left unchanged at 1.5%, the governor of the central bank Philip Lowe took note of the risks that could emerges as price disparity continues.
“Prices have been rising briskly in some markets and declining in others,” Lowe said.
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