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Australian house price values unlikely to drop: RBA

27 JUN 2012 • By Phillip Tarrant • 2 min read • Hotspots

Australian house prices won’t plunge, a senior Reserve Bank of Australia (RBA) has said.

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According to a report from AAP, RBA assistant governor (financial markets) Guy Debelle said a sharp drop in house prices in parts of Europe doesn’t concern him.

Talking to a mortgage and finance industry lunch in Adelaide, Mr Debelle said he was comfortable with how Australians were managing their debt levels, and that there wasn’t an oversupply of houses, AAP reported.

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Europe did cause him some angst, however.

“I think the day of reckoning is going to happen in Europe ... but nobody knows how it will play out,” he said, according to AAP.

“It is in the hands of Europe's leaders.”

Dr Debelle also told the audience that housing credit growth in Australia was rising at the same rate as household income, AAP continued, and that the biggest issue for banks in the next year was getting used to mid single-digit lending growth.

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Phillip Tarrant

Phillip Tarrant

AUTHOR

Phillip Tarrant is one of Australia’s leading property commentators, with more than a decade at the forefront of conversations shaping the nation’s property investment market.

As the long-time host of the Smart Property Investment Show and a regular commentator across property, finance and business, Phillip has interviewed thousands of investors, economists, advisers, brokers, agents and industry leaders, giving him a unique perspective on the trends, policies and market forces influencing Australian property.

Beyond property commentary in the media, Phillip is an active property investor himself, with first-hand experience building and managing a diversified property portfolio across multiple markets and cycles. His insights combines this practical investor perspective with deep exposure to the broader property and financial services ecosystem.

Phillip is also CEO and co-founder of Managed, an Australian property payments and technology platform transforming the way property managers, landlords and tenants manage rental payments and property transactions.

Through his writing, podcasts and industry engagements, Phillip focuses on cutting through market noise, challenging conventional thinking and helping investors make more informed, strategic decisions. His commentary regularly explores property markets, lending, taxation, regulation, investment strategy and the changing dynamics of Australia’s housing sector.

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