What was the March house price increase - something like 3.5%?...

What was the March house price increase - something like 3.5%? At that rate and left unchecked, would see the market gain over 30% in 12 months - that would put the economy in even bigger jeopardy than what it is now. Maybe there's more statistics in Canbera than what we are privy to - could be that housing inflation really is truly out of control, but at the same time, nobody wants to raise rates to spook the heavily geared into one big selling frenzy.

The mutterings from the big end of town about the issue are becoming more frequent and louder each time.