2min chapter

The Joe Walker Podcast cover image

Housing Bubble Week Finale: It's The Housing Cycle, Stupid! - Ed Leamer

The Joe Walker Podcast

CHAPTER

The Impact of Interest Rates on Australian House Prices

In Australia, although interest rates haven't increased, we have seen a clear and impactful tightening of lending standards. It's really the availability of credit that drives the housing bubble, both upwards and downwards. I would say another thing that affects lending standards is the rate of appreciation. Because if you have rapid appreciation, the loans are self-collateralizing.

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