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Surging property prices could force RBA to reassess ultra-low rates, economists warn – Sydney Morning Herald

Some economists believe the RBA may have to start lifting rates as early as next year to deal with house prices, which rose 3 per cent in Sydney and 2.5 per cent…

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Nationally, prices rose by 2.1 per cent over the four weeks of February the single largest monthly jump since August 2003 aided by ultra-low interest rates and federal and state government COVID-19 support programs.
Separate Australian Bureau of Statistics figures released on Monday show potential home buyers are increasingly prepared to take on more debt to get a foothold in the property market.
Home loans jumped by 10.5 per cent in January to be 44.3 per cent higher than a year ago. Loans excluding…

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