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RBA Warns Over Aussie Housing Risks as Global Reflation Emerges
- Households’ debt rising faster than incomes, central bank says
- Australian house prices rose fastest since mid-2015 in 4Q
RBA Sees Risks Building in Housing
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Australia’s central bank highlighted threats in the property market and an acceleration of domestic household debt even as it lent credence to the global reflation story.
“Data continued to suggest that there had been a build-up of risks associated with the housing market,” the Reserve Bank of Australia said in minutes released Tuesday of this month’s meeting where it held interest rates at a record-low 1.5 percent. “Growth in household debt had been faster than that in household income.”