Analysis of two decades of cash rate settings released by PIPA concluded that cheap borrowing alone did not push property values higher, pointing to weighted capital city growth of just 1.24 per cent over the three years to September 2019. Chairman Peter Koulizos said local economies, migration, the balance of supply and demand and access to finance mattered more, and that rising rates would not necessarily bring prices down.
Reported by
the original publisher
PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.
