Agree here. The interest rate lever is a cumbersome and destructive tool, but they'll claim it's all they have. The UK have managed to introduce strict AirBnb laws which have freed up a huge amount of properties. Where previously a good percentage of houses were an AirBnb cash cow, empty for half a year and still making a profit - they are now suddenly being dumped back on the market because investors can't afford to keep them. Fantastic news for house prices there, with a significant decline. It's yet to flow through to renters, but that's likely coming soon. These kinds of things affect inflation to no end (housing prices), but until we see some solid ideas here in Oz outside of the 'let's hike interest rates' default, we're stuck in a supply loop.
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