RBA to ‘pay close attention’ to housing market in 2017 – Lowe
Rent growth remains weak but vacancy rates are not high, RBA governor says
The Reserve Bank of Australia will "pay close attention" to the housing market in 2017, as house prices continue to rise "strongly" in various territories.
Speaking in Sydney, RBA governor Philip Lowe painted an optimistic picture for the Australian economy, but noted the central bank was concerned by persistent fluctuations in the housing market.
"It is a complex picture," Lowe said. "Growth in rents is weak, but vacancy rates in most markets are not unusually high. And investor demand looks to
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