The RBA appears to be determined to keep interest rates low. It...

The RBA appears to be determined to keep interest rates low. It is not just pollies who hold real estate portfolios. Also RBA staff. IMO, a massive conflict of interest. Low interest rates make property portfolios more profitable - lower interest payments, higher capital gains as property prices rise, and higher rental yields because rents rise as property prices rise.

If inflation rises again, I think that the RBA will find a way not to raise rates. For example, they might raise their inflation target to 3.5%. The RBA's inflation target is already 50% higher than for comparable central banks, and as far as I know there are no politicians who have ever questioned this highly questionable anomaly.