Investment lending rules to be tightened this year

Investopoly · Mar 23, 2021 · 15m

Almost everyone is predicting that property prices will surge higher this year. In fact, the newspapers are already full of stories about properties selling well above reserves.Low stock levels are partly responsible for the currently exuberant property market. That exuberance might cool as more stock becomes available. But the RBA and the government do not want prices to rise too quick as it might create a bubble, and all bubbles pop eventually.Predictions of rising property pricesWestpac’s chief economist, Bill Evans predicts that Australian property prices will rise by 20% over the next…