House price bull heaven

Property speculators are on cloud nine at the moment while the Reserve Bank plays cool on housing. But it won’t take too much more growth before the bank gets antsy.

House prices are continuing to move solidly higher, driven by record low interest rates, a shortage of supply, strong underlying demand, rising incomes and a lift in wealth coming from a buoyant stock market.

It is nearly as good as it can get for the house price bulls.

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