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Property lobby slams the RBA for being 'unjust'

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Australian Broker | 23 Oct 2014, 08:20 AM Agree 0
‚ÄčThe Reserve Bank of Australia must not hold the Australian public to ransom by using interest rates to curb high property prices
  • Grahame Hale | 23 Oct 2014, 09:16 AM Agree 0
    The Reserve Bank is acting like a school teacher threatening to cane all the property investors. What they should be tackling are the promoters who want investors to take interest only loans and in property they are promoting so they can get their 20% commission. Property is not going up for ever as supply and demand will cut in. Currently people can afford the loan but as prices go up they will drop out. Greed id taking over.
    How about getting a Reserve Bank Governor who know what he is doing. Look at the way they moved interest rates in the past. That control has gone now as banks move away from the reserve bank.
  • Salvatore | 23 Oct 2014, 01:25 PM Agree 0
    "Gunning says it is not the role of the Reserve Bank to give investment advice" I whole heartily agree! Its such a silly populist argument that its investors who are driving property prices and making it unaffordable for FHB! Construction is finally getting off the ground to increase supply and they want to shut it down before it has an an effect. Go figure?
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