20.12.2012 - RBA governor plays down housing market concerns
RBA governor Glenn Stevens has played down concerns over house prices crashing, but has indicated the RBA would act if prices started rising by 10% to 20% per year alongside rising household debt levels. In a recent Property Observer article, Stevens urges Australians to be content with more modest increases in house prices, describing double-digit house price growth as both “puzzling and “troubling”...............................................Full Article: Source
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