Don't fret: RBA governor says property price falls were likely "manageable"

Don't fret: RBA governor says property price falls were likely "manageable"
Don't fret: RBA governor says property price falls were likely "manageable"

The Reserve Bank of Australia governor Philip Lowe has suggested the current decline in property prices was "manageable,."

Australia had gone through "plenty of periods" in the last two decades where house prices have declined.

"That's what happens in the housing market – we have these big run-ups, prices stabilise, sometimes they might fall, stabilise and then they'll rise again.

 "We are going through one of those events at the moment, particularly in Sydney and Melbourne."
 
Tags: 
Price Correction Rba/philip Lowe

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