Australia is in the grip of its biggest property price boom in more than a decade. The boom is motivated in no small part by a fear of missing out. But there are also other important factors at play, leading me to believe that this trend could continue for some time.
Last year I outlined my bullish thesis for Australian property: cheap rates, a lack of stock and COVID losing its grip on the economy. But these all pale into insignificance compared to the impact of the easing of credit by banks if the government’s legislation relaxing responsible lending rules goes through.
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