In recent times, house prices in Sydney and Melbourne have become higher and higher.
ASIC boss Greg Medcraft recently told investors to be wary of borrowing to invest in the heated property market.
The Reserve Bank recently noted data continues to suggest that there is a build up of risks associated with the housing market.
The attached article from Dr Shane Oliver of AMP is a balanced account that dissects all the relevant issues from interest rates and household debt to investors and foreign buyers. All prospective buyers and sellers (as well as others just observing) will be better educated for reading Dr Oliver's synopsis.
http://www.ampcapital.com.au/article-detail?alias=/olivers-insights/march-2017/the-australian-housing-market-issues
