The RBA yesterday said it was looking to see a rise in both wage and consumer price inflation before it raises rates.
However it does appear the current low interest rate regime is only encouraging large rises in asset prices or in this case housing prices. See HERE for example.
Hence inequality is exacerbated. My house is now worth a hellva lot more than we bought it for however it is much harder for my two sons to get into the housing market let alone buy anything.
Time to think again I think
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