The RBA increased rates in a time of slowing economy - they just didn't see the stats until it was to late - you do not need an economics PHD to figure that out.
Same will or already has applied here. House prices rise with IR rises because confidence is rising; Until a tipping point where the economy is 'out of control' and overheated.
Do we really think we are overheated and out of control? If Europe continues with this slide, the next rate call may be down.
