Published: June 16, 2021
Ever since the Reserve Bank began its run of cutting rates at the end of 2011, the boom in prices has been about houses, not apartments
Death, taxes and rising house prices. The latest residential property price data shows that after a blip in the June quarter of last year, the Covid recession has had nary an impact on house prices as they continue to surge across the nation.
Perhaps the overriding aspect of the Morrison government’s economic response to the pandemic has been to, above all else, keep house prices going up. To be fair though, this has been the overriding aspect of economic policy for decades now in Australia – especially since John Howard was elected.
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