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1.Market Observations, 8.Was Sticky

21 Sept 2016 (AFR) – Outgoing RBA chief Stevens has the last word on property: Don’t worry

(21 September 2016, AFR, p5, by Jacob Greber)

‘The Reserve Bank of Australia has downplayed fears of a property bubble, saying housing market conditions have eased since last year because of a regulatory crackdown on investors and a surge in apartment construction. In the minutes of Glenn Stevens’ final meeting as Reserve Bank governor two weeks ago, the central bank also signalled that interest rates look likely to remain stable over coming months after two cuts this year.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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