The Reserve Bank of Australia has kept the nations official interest rate at 0.1 per cent, despite booming property prices.Reserve Bank governor Philip Lowe said housing markets had picked up, with strong demand for owner-occupiers and first home buyers.
“Housing markets have strengthened further, with prices rising in all major markets,” he said.
“Housing credit growth has picked up, with strong demand from owner-occupiers, especially first-home buyers.
“Given the environment of rising housing…
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