RBA says property prices 'not its problem': should they be?
As property prices hit record highs, pressure is mounting on the Reserve Bank to act — but Governor Michele Bullock insists housing isn’t the RBA’s problem.
September’s 0.8 per cent dwelling value gains were the biggest rise in median prices since October 2023. (Image source: Sunflowerey/Shutterstock.com)
Property prices are at record highs and homes are increasingly beyond the reach of average income earners.
Given Aussies have already seen three cash rate cuts in 2025, fingers have been pointed at the Reserve Bank of Australia (RBA) for adding fuel to the fire that is already being stoked by inadequate new housing supply, high population growth and high employment levels.
Whether the Reserve Bank should take soaring property prices
into accoun…
