Why The Slowing Housing Market In Australia?

Funny how no none can agree why prices in Australian property might fall ahead. The Government blames the RBA for rising interest rates, while the RBA says Government policy is a significant factor. Sometimes I just wish they would let the property market be a real market not a public policy plaything. Reserve Bank of Australia monetary policy board member Ian Harper and Treasurer Jim Chalmers say the slowdown in the housing market is due to a combination of interest rate rises and the federal government’s changes to capital gains tax breaks and negative gearing. Both Chalmers and Harper said their […]