| 25.07.2012 - House prices can't fall a 'dangerous idea': RBA |
| The Reserve Bank says housing prices may fall further and believes it is risky to assume they won't. "It is a very dangerous idea to think that dwelling prices cannot fall," RBA governor Glenn Stevens said in a speech today. "They can, and they have." "We should never say a crash couldn't happen here, and the Reserve Bank continues to monitor property markets and the performance of mortgages quite closely," said Mr Stevens...............................................Full Article: Source |