Growing fears RBA will have to cut rates to stop tumbling house prices

Pity they didn’t raise rates when it was rising to fast.

It’s out of their hands IMO.

That's not a 'fall'! It's just a partial correction back to what SHOULD have been the current prices, if the ludicrous bubble of the last few years hadn't happened. It was the price RISES - in fact, ALL price rises since the ridiculous 50% cut in CGT - that are extraordinary!

Proof it's all about the bubble.

Doubt it. Cost of money from overseas is going up.

You don’t cut interest rates because house prices might fall that’s not how it works a bit of hyperbole there. Interest rates are mostly about inflation and the circulation of money in society. Otherwise all asset price wil just rise in a straight line. 😂

No need for RBA to adjust rates Labour will ensure to a crash in house prices

20% drop would send not just NSW, but Australia into a recession - massive job loss and business failure - nswpol auspol Its in the government and the economy's interest to keep house prices strong.

Why is that a bad thing? Back to inflated 2014 prices

Low rates & interest only loans is how we got here. Does the RBA like playing ping pong?

Excellent, but it needs to fall way way more in all states to come any where in line with the reality of everyday Australians. Who are the innocent victims of the property mess the ALP and LNP created.

I'd like a 4bdrm, detached, Victorian style, house, on a quarter acre, in Glebe and I've got about 10K. The dream seems so tangible now.

Welcome to what PERTH has been going through since the boom of 2007/2008

All under JoshFrydenberg & ScottMorrisonMP watch!

They won’t change for 6 months at least!

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