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Low interest rates not the key driver of price growth: PIPA

Press coverage 23 July 2021 Summary of published coverage
Low interest rates not the key driver of price growth: PIPA

New PIPA analysis challenged the view that record low rates were behind the property boom, citing Australian Bureau of Statistics figures showing the house price index rose 11.53 per cent between September 2013 and December 2014 with the cash rate at 2.5 per cent, but only 1.24 per cent when it sat at 1.5 per cent from 2016 to 2019. Chairman Peter Koulizos said demand, supply, local economies, migration and lending conditions carried more weight.

Reported by

Bianca Dabu, Smart Property Investment, 22 July 2021

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