Will the RBA rate cut push house prices up?
When interest rates are low, Australians often respond by piling on more debt and bidding up house prices. However, now economists expect the market won't return to its boom-time conditions of 2015.
Consumers aren't predicting a bounce in house prices, either according to the Westpac Melbourne Institute index of house price expectations which has fallen 15.9 per cent in the last year.
Source: The Age