https://thenewdaily.com.au/finance/finance-news/2020/02/16/michael-pascoe-low-rates-house-prices/Here’s the only official policy for stimulating the economy, for lowering unemployment and improving living standards: Pushing up housing prices through ever-cheaper interest rates.
And that means soaring housing debt.
It means the average loan needed to buy an existing Australian home has hit half a million dollars. In Victoria, it’s $517,900 and in New South Wales, $621,500.
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