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‘Last kick of the can’: Property market reckoning coming – Sydney Morning Herald

The sharp lift in house prices through the past 12 months has amplified the focus on the RBA and its role.

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The Reserve Banks charter requires it to work towards the economic prosperity and welfare of all Australians, but for most people that can be narrowed down to one issue house prices.
Since the advent of non-bank lenders in the mortgage market in the 1990s, property prices have grown faster than wages and inflation, generating an ongoing debate about who is to blame for a situation that leaves one of the worlds most sparsely populated nations with…

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