RBA's John Edwards can't see rising dwelling price crisis
Jonathan ChancellorDecember 7, 2020
The Reserve Bank of Australia board member John Edwards says the rapid rise in Australian house prices won’t continue indefinitely.
“It is not anything approaching a crisis,” John Edwards told the Wall Street Journal, adding housing credit growth, high household debt and weak income growth would tame prices.
But Edwards said it was “not obvious how far this can run” and the RBA would continue to monitor house price movements.
His comments follow repeated warnings from Reserve Bank governor Glenn Stevens about the surging property market.
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Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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