Lowe’s

RBA’s Philip Lowe takes house price falls in stride

RBA’s Philip Lowe takes house price falls in stride

Lowe explained that over the five years to 2017, Australian house prices rose almost 50 per cent. Since then, they’ve fallen 9 per cent, bringing them back to mid-2016 levels.Lowe ran through some of the reasons for this.The biggest part of the problem is supply; population growth took off in the early 2000s and it…