| From Theaustralian.news.com.au: Housing prices are ready to explode, as demand from potential home owners to buy into the property market outweighs the supply of new housing, prompting the Reserve Bank to increase pressure on state governments to cut the cost of developing land.
The warning comes as the RBA prepares to become the first central bank in the world to raise interest rates, likely within the next two months, after the global turmoil of the past year.....................Full Article: Source |