In Australia, property prices have surged over the last year, increasing by 13.5% in the year to May. This situation is not isolated to Australia. House prices across most developed nations have been rising.
With house prices growing so fast, some central banks now are concerned for the economic stability of their respective countries. The key question for Australian investors is whether the US Fed or the RBA will follow suit.
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David is one of Australia’s leading investment strategists.