So what can or should you really believe? One minute, they say that house prices are going to increase and the next they’re saying house prices will decrease. Good news, bad news. Bad news, good news – obviously depending on your perspective. Ultimately, don’t the retail banks have control over what happens out there? They either fuel the market by lending or starve it by not lending.
Is Australian housing going up or down? The big problem with the housing market right now is that even the Reserve Bank doesn’t seem to know.