RBA governor welcomes housing market slowdown

money-houses

Reserve Bank of Australia governor Philip Lowe welcomed a slowdown in the housing market, even as the wider Australian economy heats up, in remarks on August 4.

Housing credit growth has slowed, which Lowe called a “positive development”. The RBA views the slowdown as largely down to falling demand from investors. House prices have been falling in several cities, making housing investment less attractive. “This is a normal part of the cycle,” Lowe said.

Lowe noted that while some banks have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: