{"id":34568,"date":"2021-09-15T09:17:21","date_gmt":"2021-09-14T21:17:21","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=34568"},"modified":"2021-09-15T09:17:21","modified_gmt":"2021-09-14T21:17:21","slug":"were-back-to-record-property-price-growth-so-whats-being-done-about-it","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/","title":{"rendered":"We\u2019re back to record property price growth, so what\u2019s being done about it?"},"content":{"rendered":"<p><strong>PHOTO: House prices have jumped $52,600 in three months, but the Reserve Bank says it can not do much about it. <cite class=\"_3rsys _1srG4 _3PhF6 _10YQT _2Cu8q _3gxdk\" data-component=\"Figure__cite\">(<\/cite>ABC Gold Coast: Sarah Cumming\u00a0<cite class=\"_3rsys _1srG4 _3PhF6 _10YQT _2Cu8q _3gxdk\" data-component=\"Figure__cite\">)<\/cite><\/strong><\/p>\n<p class=\"_1HzXw\">Australian homeowners are hocked up to the eyeballs, the federal Treasury says.<\/p>\n<section class=\"_1uHEE _2Mryn _2X-83 g1U-R v-gc3\" role=\"contentinfo\" aria-label=\"key points\" data-component=\"KeyPoints\">\n<h2 class=\"wYJvU _1o1Da _1cBaI _2yZBa _18377 _3I3Xh _2uBSR _10YQT _1lh6E\" data-component=\"Heading\">Key points:<\/h2>\n<ul class=\"_1PvbE\" role=\"list\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\">The house-price-to-income ratio has risen from 2.5 in the early 1990s\u00a0to over six now.<\/li>\n<li class=\"\" data-component=\"ListItem\">People under 40 are now less likely to own a home than any other time since 1947<\/li>\n<li class=\"\" data-component=\"ListItem\">The mean price of a dwelling is now $835,700, up from $678,500 one year, ago according to the ABS<\/li>\n<\/ul>\n<\/section>\n<p class=\"_1HzXw\">&#8220;The house-price-to-income ratio has indeed risen, Treasury&#8217;s director of the domestic demand, Crystal Ossolinski, told a parliamentary economics committee.<\/p>\n<p class=\"_1HzXw\">&#8220;Back in the early 1990s, you were looking at 2.5 times, and now you&#8217;re looking at just over six\u00a0[times].&#8221;<\/p>\n<p class=\"_1HzXw\">What that means simply is that Australians are borrowing amounts of money many more times their annual income, which is fuelling\u00a0property price rises.<\/p>\n<p class=\"_1HzXw\">Officials from Treasury and the Reserve Bank fronted a parliamentary committee on Tuesday to wrestle with what is driving record property price growth, and what can be done about it.<\/p>\n<figure class=\"_2XhY1 _2X-83 g1U-R _3V6uS\" role=\"group\" data-print=\"inline-media\" aria-labelledby=\"100462164\" data-component=\"Figure\" data-uri=\"coremedia:\/\/imageproxy\/100462164\">\n<div class=\"_3C2ok\" data-component=\"IntersectionObserver\">\n<div class=\"_3C5J1\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" class=\"_1sqAO WIJbJ\" src=\"https:\/\/live-production.wcms.abc-cdn.net.au\/06e4047b2c0ded209bca0a944598b26b?impolicy=wcms_crop_resize&amp;cropH=1817&amp;cropW=2726&amp;xPos=102&amp;yPos=85&amp;width=862&amp;height=575\" sizes=\"100vw\" alt=\"The outside of the Federal Treasury building \" data-component=\"Image\" \/><\/div>\n<\/div><figcaption id=\"100462164\" class=\"_3rsys _1srG4 _3PhF6 _10YQT _2Cu8q _1WKJ_\" data-component=\"Figure__figcaption\"><em><strong>Officials from Treasury and the Reserve Bank have fronted a parliamentary committee. <cite class=\"_3rsys _1srG4 _3PhF6 _10YQT _2Cu8q _3gxdk\" data-component=\"Figure__cite\">(<\/cite>ABC News: Kathleen Dyett)<\/strong><\/em><\/figcaption><\/figure>\n<p class=\"_1HzXw\">The House of Representatives Economics Committee heard the debt-fuelled property boom meant\u00a0people aged under 40 were now less likely to own a home than at any time since 1947.<\/p>\n<p class=\"_1HzXw\">And it was only getting worse for millennials, federal Treasury assistant secretary John Swieringa said.<\/p>\n<blockquote class=\"tiktok-embed\" cite=\"https:\/\/www.tiktok.com\/@propertynoise\/video\/6971280476086471937\" data-video-id=\"6971280476086471937\" data-embed-from=\"oembed\" style=\"max-width: 605px;min-width: 325px;\" >\n<section> <a target=\"_blank\" title=\"@propertynoise\" href=\"https:\/\/www.tiktok.com\/@propertynoise?refer=embed\">@propertynoise<\/a> <\/p>\n<p>A traditional game that has been going 67 years! <a title=\"nzrugby\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/nzrugby?refer=embed\">#nzrugby<\/a> <a title=\"rugbyunion\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/rugbyunion?refer=embed\">#rugbyunion<\/a> <a title=\"newzealand\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/newzealand?refer=embed\">#newzealand<\/a> <a title=\"palmyboys\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/palmyboys?refer=embed\">#palmyboys<\/a> <a title=\"pnbhs\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/pnbhs?refer=embed\">#pnbhs<\/a> <a title=\"npbhs\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/npbhs?refer=embed\">#npbhs<\/a> <a title=\"manawaturugby\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/manawaturugby?refer=embed\">#manawaturugby<\/a> <a title=\"palmerstonnorth\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/palmerstonnorth?refer=embed\">#palmerstonnorth<\/a><\/p>\n<p> <a target=\"_blank\" title=\"\u266c original sound - Property Noise Group\" href=\"https:\/\/www.tiktok.com\/music\/original-sound-6971280402291903234?refer=embed\">\u266c original sound &#8211; Property Noise Group<\/a> <\/section>\n<\/blockquote>\n<p> <script async src=\"https:\/\/www.tiktok.com\/embed.js\"><\/script><\/p>\n<aside class=\"_2X-83 g1U-R _1VIKT\" data-component=\"Pullquote\">\n<blockquote class=\"_2Bzft\">\n<p class=\"_1HzXw\"><em><strong>&#8220;The deposit to get into the housing market in the first place has become the real pinch point for housing affordability,&#8221; he said.<\/strong><\/em><\/p>\n<\/blockquote>\n<\/aside>\n<p class=\"_1HzXw\">Mr Swieringa\u00a0conceded\u00a0the government&#8217;s recent policy measures to leapfrog first home buyers into the market had\u00a0boosted demand, but stopped short of saying they were reducing housing affordability.<\/p>\n<p class=\"_1HzXw\">&#8220;And so we look at some of the government schemes like the First Home Loan Deposit Scheme, the First Home Super Save Scheme \u2013 those schemes assist people with getting over the threshold of the deposit,&#8221; he said.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2021-09-15\/house-prices-grow-what-is-being-done\/100462060\">ABC<\/a><\/p>\n<p>https:\/\/www.instagram.com\/p\/CTQcvSaBYr4\/?utm_source=ig_web_copy_link<\/p>\n<section id=\"top-posts-5\" class=\"widget widget_top-posts\">\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"AFL 'bad boy' Dustin 'Dusty' Martin buys luxury beachfront apartment\" href=\"https:\/\/propertynoise.co.nz\/au\/afl-bad-boy-dustin-dusty-martin-buys-luxury-beachfront-apartment\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyloaded\" src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/Dusty-Martin.jpg?fit=1200%2C676&amp;ssl=1&amp;resize=40%2C40\" alt=\"AFL 'bad boy' Dustin 'Dusty' Martin buys luxury beachfront apartment\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" data-src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/Dusty-Martin.jpg?fit=1200%2C676&amp;ssl=1&amp;resize=40%2C40\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"AFL 'bad boy' Dustin 'Dusty' Martin buys luxury beachfront apartment\" href=\"https:\/\/propertynoise.co.nz\/au\/afl-bad-boy-dustin-dusty-martin-buys-luxury-beachfront-apartment\/\" data-bump-view=\"tp\">AFL &#8216;bad boy&#8217; Dustin &#8216;Dusty&#8217; Martin buys luxury beachfront apartment<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"Simon Baker and Rebecca Rigg quietly offer Bronte home for $17 million\" href=\"https:\/\/propertynoise.co.nz\/au\/simon-baker-and-rebecca-rigg-quietly-offer-bronte-home-for-17-million\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyloaded\" src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/Actors-Simon-Baker-and-Rebecca-Rigg.jpg?fit=600%2C363&amp;ssl=1&amp;resize=40%2C40\" alt=\"Simon Baker and Rebecca Rigg quietly offer Bronte home for $17 million\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/Actors-Simon-Baker-and-Rebecca-Rigg.jpg?fit=600%2C363&amp;ssl=1&amp;resize=40%2C40\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Simon Baker and Rebecca Rigg quietly offer Bronte home for $17 million\" href=\"https:\/\/propertynoise.co.nz\/au\/simon-baker-and-rebecca-rigg-quietly-offer-bronte-home-for-17-million\/\" data-bump-view=\"tp\">Simon Baker and Rebecca Rigg quietly offer Bronte home for $17 million<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"Location, location! The Block 2022 'will be filmed in a regional Victorian town'\" href=\"https:\/\/propertynoise.co.nz\/au\/location-location-the-block-2022-will-be-filmed-in-a-regional-victorian-town\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyloaded\" src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/The-Block-2022.jpg?fit=1200%2C675&amp;ssl=1&amp;resize=40%2C40\" alt=\"Location, location! The Block 2022 'will be filmed in a regional Victorian town'\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/The-Block-2022.jpg?fit=1200%2C675&amp;ssl=1&amp;resize=40%2C40\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Location, location! The Block 2022 'will be filmed in a regional Victorian town'\" href=\"https:\/\/propertynoise.co.nz\/au\/location-location-the-block-2022-will-be-filmed-in-a-regional-victorian-town\/\" data-bump-view=\"tp\">Location, location! The Block 2022 &#8216;will be filmed in a regional Victorian town&#8217;<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"Extraordinary row between wealthy socialite and the builder of her lavish $6M mansion\" href=\"https:\/\/propertynoise.co.nz\/au\/extraordinary-row-between-wealthy-socialite-and-the-builder-of-her-lavish-6m-mansion\/\" data-bump-view=\"tp\"><img loading=\"lazy\" decoding=\"async\" class=\"widgets-list-layout-blavatar lazyloaded\" src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/Louise-Morton.jpg?fit=1200%2C675&amp;ssl=1&amp;resize=40%2C40\" alt=\"Extraordinary row between wealthy socialite and the builder of her lavish $6M mansion\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/Louise-Morton.jpg?fit=1200%2C675&amp;ssl=1&amp;resize=40%2C40\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Extraordinary row between wealthy socialite and the builder of her lavish $6M mansion\" href=\"https:\/\/propertynoise.co.nz\/au\/extraordinary-row-between-wealthy-socialite-and-the-builder-of-her-lavish-6m-mansion\/\" data-bump-view=\"tp\">Extraordinary row between wealthy socialite and the builder of her lavish $6M mansion<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"Fans of The Block call for veteran judges to be replaced\" href=\"https:\/\/propertynoise.co.nz\/au\/fans-of-the-block-call-for-veteran-judges-to-be-replaced\/\" data-bump-view=\"tp\"><img loading=\"lazy\" decoding=\"async\" class=\"widgets-list-layout-blavatar lazyloaded\" src=\"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/The-Blocks-fans-vs-faves-series.jpg?fit=800%2C434&amp;ssl=1&amp;resize=40%2C40\" alt=\"Fans of The Block call for veteran judges to be replaced\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" data-src=\"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/The-Blocks-fans-vs-faves-series.jpg?fit=800%2C434&amp;ssl=1&amp;resize=40%2C40\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Fans of The Block call for veteran judges to be replaced\" href=\"https:\/\/propertynoise.co.nz\/au\/fans-of-the-block-call-for-veteran-judges-to-be-replaced\/\" data-bump-view=\"tp\">Fans of The Block call for veteran judges to be replaced<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"Kylie Minogue sells Melbourne cottage she's owned for 31 years | WATCH\" href=\"https:\/\/propertynoise.co.nz\/au\/kylie-minogue-sells-melbourne-cottage-shes-owned-for-31-years-watch\/\" data-bump-view=\"tp\"><img loading=\"lazy\" decoding=\"async\" class=\"widgets-list-layout-blavatar lazyloaded\" src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/Kylie.jpg?fit=1200%2C762&amp;ssl=1&amp;resize=40%2C40\" alt=\"Kylie Minogue sells Melbourne cottage she's owned for 31 years | WATCH\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" data-src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/Kylie.jpg?fit=1200%2C762&amp;ssl=1&amp;resize=40%2C40\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Kylie Minogue sells Melbourne cottage she's owned for 31 years | WATCH\" href=\"https:\/\/propertynoise.co.nz\/au\/kylie-minogue-sells-melbourne-cottage-shes-owned-for-31-years-watch\/\" data-bump-view=\"tp\">Kylie Minogue sells Melbourne cottage she&#8217;s owned for 31 years | WATCH<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"The Block's Tanya and Vito Guccione threaten to BOYCOTT auction day\" href=\"https:\/\/propertynoise.co.nz\/au\/the-blocks-tanya-and-vito-guccione-threaten-to-boycott-auction-day\/\" data-bump-view=\"tp\"><img loading=\"lazy\" decoding=\"async\" class=\"widgets-list-layout-blavatar lazyloaded\" src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/The-Blocks-Tanya-and-Vito-Guccione.png?fit=640%2C335&amp;ssl=1&amp;resize=40%2C40\" alt=\"The Block's Tanya and Vito Guccione threaten to BOYCOTT auction day\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/The-Blocks-Tanya-and-Vito-Guccione.png?fit=640%2C335&amp;ssl=1&amp;resize=40%2C40\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"The Block's Tanya and Vito Guccione threaten to BOYCOTT auction day\" href=\"https:\/\/propertynoise.co.nz\/au\/the-blocks-tanya-and-vito-guccione-threaten-to-boycott-auction-day\/\" data-bump-view=\"tp\">The Block&#8217;s Tanya and Vito Guccione threaten to BOYCOTT auction day<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"One of Australia\u2019s very best | FOR SALE\" href=\"https:\/\/propertynoise.co.nz\/au\/one-of-australias-very-best-for-sale\/\" data-bump-view=\"tp\"><img loading=\"lazy\" decoding=\"async\" class=\"widgets-list-layout-blavatar ls-is-cached lazyloaded\" src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/Sydney-Polo-Club.jpg?fit=1024%2C768&amp;ssl=1&amp;resize=40%2C40\" alt=\"One of Australia\u2019s very best | FOR SALE\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/Sydney-Polo-Club.jpg?fit=1024%2C768&amp;ssl=1&amp;resize=40%2C40\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"One of Australia\u2019s very best | FOR SALE\" href=\"https:\/\/propertynoise.co.nz\/au\/one-of-australias-very-best-for-sale\/\" data-bump-view=\"tp\">One of Australia\u2019s very best | FOR SALE<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"'Liar loans' on the rise as risky mortgages drive house price boom\" href=\"https:\/\/propertynoise.co.nz\/au\/liar-loans-on-the-rise-as-risky-mortgages-drive-house-price-boom\/\" data-bump-view=\"tp\"><img loading=\"lazy\" decoding=\"async\" class=\"widgets-list-layout-blavatar ls-is-cached lazyloaded\" src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/SOLD.jpg?fit=862%2C575&amp;ssl=1&amp;resize=40%2C40\" alt=\"'Liar loans' on the rise as risky mortgages drive house price boom\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/SOLD.jpg?fit=862%2C575&amp;ssl=1&amp;resize=40%2C40\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"'Liar loans' on the rise as risky mortgages drive house price boom\" href=\"https:\/\/propertynoise.co.nz\/au\/liar-loans-on-the-rise-as-risky-mortgages-drive-house-price-boom\/\" data-bump-view=\"tp\">&#8216;Liar loans&#8217; on the rise as risky mortgages drive house price boom<\/a><\/div>\n<\/li>\n<li><a class=\"bump-view\" title=\"Bondi house bought in 2019 for $6.3m sells for $11.235m\" href=\"https:\/\/propertynoise.co.nz\/au\/bondi-house-bought-in-2019-for-6-3m-sells-for-11-235m\/\" data-bump-view=\"tp\"><img loading=\"lazy\" decoding=\"async\" class=\"widgets-list-layout-blavatar lazyloaded\" src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/North-Bondi.jpg?fit=600%2C400&amp;ssl=1&amp;resize=40%2C40\" alt=\"Bondi house bought in 2019 for $6.3m sells for $11.235m\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" data-src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/North-Bondi.jpg?fit=600%2C400&amp;ssl=1&amp;resize=40%2C40\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"Bondi house bought in 2019 for $6.3m sells for $11.235m\" href=\"https:\/\/propertynoise.co.nz\/au\/bondi-house-bought-in-2019-for-6-3m-sells-for-11-235m\/\" data-bump-view=\"tp\">Bondi house bought in 2019 for $6.3m sells for $11.235m<\/a><\/div>\n<\/li>\n<\/ul>\n<\/section>\n<section id=\"adswidget3-quick-adsense-reloaded-11\" class=\"widget quads-ad3_widget\">\n<div id=\"quads-ad3_widget\"><\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: House prices have jumped $52,600 in three months, but<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":34569,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098512,478101517,478098521,478098726,478098892,478108952,478118012,478098566,478098542,478098519,478098535,478098522,478098513,478101743,478098873,478098579,478098510,478115485,478118014,478098514,478098609,478098511,478098705,478098533,478098828,478098509,478098888,478118013],"class_list":["entry","author-data123nz","post-34568","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-australia","tag-australian-homeowners","tag-australians","tag-chinese-buyers","tag-corelogic","tag-covid-19","tag-crystal-ossolinski","tag-first-home-buyers","tag-home-loans","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-property","tag-property-correction","tag-property-investment","tag-property-market","tag-property-news","tag-property-price-growth","tag-property-price-rises","tag-propertynoise","tag-rba","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-news","tag-reserve-bank","tag-the-house-of-representatives-economics-committee"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>We\u2019re back to record property price growth, so what\u2019s being done about it? - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We\u2019re back to record property price growth, so what\u2019s being done about it? - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: House prices have jumped $52,600 in three months, butRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertyNoiseNZ\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-14T21:17:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/House-prices.jpg?fit=862%2C575&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"862\" \/>\n\t<meta property=\"og:image:height\" content=\"575\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Property Noise Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:site\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Property Noise Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\\\/\"},\"author\":{\"name\":\"Property Noise Group\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\"},\"headline\":\"We\u2019re back to record property price growth, so what\u2019s being done about it?\",\"datePublished\":\"2021-09-14T21:17:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\\\/\"},\"wordCount\":495,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/House-prices.jpg\",\"keywords\":[\"auctions\",\"australia\",\"Australian homeowners\",\"Australians\",\"chinese buyers\",\"CoreLogic\",\"COVID-19\",\"Crystal Ossolinski\",\"first home buyers\",\"home loans\",\"Home ownership\",\"house prices\",\"interest rates\",\"property\",\"property correction\",\"property investment\",\"property market\",\"Property News\",\"property price growth\",\"property price rises\",\"propertynoise\",\"RBA\",\"real estate\",\"real estate agency\",\"real estate agent\",\"real estate agents\",\"Real Estate News\",\"reserve bank\",\"The House of Representatives Economics Committee\"],\"articleSection\":[\"Australian Property &amp; Real Estate News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\\\/\",\"name\":\"We\u2019re back to record property price growth, so what\u2019s being done about it? - Property News Australia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/House-prices.jpg\",\"datePublished\":\"2021-09-14T21:17:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\\\/#primaryimage\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/House-prices.jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/House-prices.jpg\",\"width\":862,\"height\":575,\"caption\":\"property price growth\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"We\u2019re back to record property price growth, so what\u2019s being done about it?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"name\":\"Property News Australia\",\"description\":\"Property News | Real Estate News | Australia\",\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\",\"name\":\"The Property Noise Group\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"width\":1120,\"height\":160,\"caption\":\"The Property Noise Group\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/PropertyNoiseNZ\\\/\",\"https:\\\/\\\/x.com\\\/propertynoisenz\",\"http:\\\/\\\/propertynoisenz\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\",\"name\":\"Property Noise Group\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"caption\":\"Property Noise Group\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"We\u2019re back to record property price growth, so what\u2019s being done about it? - Property News Australia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/","og_locale":"en_US","og_type":"article","og_title":"We\u2019re back to record property price growth, so what\u2019s being done about it? - Property News Australia","og_description":"PHOTO: House prices have jumped $52,600 in three months, butRead More &rarr;","og_url":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/","og_site_name":"Property News Australia","article_publisher":"https:\/\/www.facebook.com\/PropertyNoiseNZ\/","article_published_time":"2021-09-14T21:17:21+00:00","og_image":[{"width":862,"height":575,"url":"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/09\/House-prices.jpg?fit=862%2C575&ssl=1","type":"image\/jpeg"}],"author":"Property Noise Group","twitter_card":"summary_large_image","twitter_creator":"@propertynoisenz","twitter_site":"@propertynoisenz","twitter_misc":{"Written by":"Property Noise Group","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/#article","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/"},"author":{"name":"Property Noise Group","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84"},"headline":"We\u2019re back to record property price growth, so what\u2019s being done about it?","datePublished":"2021-09-14T21:17:21+00:00","mainEntityOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/"},"wordCount":495,"commentCount":0,"publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/09\/House-prices.jpg","keywords":["auctions","australia","Australian homeowners","Australians","chinese buyers","CoreLogic","COVID-19","Crystal Ossolinski","first home buyers","home loans","Home ownership","house prices","interest rates","property","property correction","property investment","property market","Property News","property price growth","property price rises","propertynoise","RBA","real estate","real estate agency","real estate agent","real estate agents","Real Estate News","reserve bank","The House of Representatives Economics Committee"],"articleSection":["Australian Property &amp; Real Estate News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/","url":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/","name":"We\u2019re back to record property price growth, so what\u2019s being done about it? - Property News Australia","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/#primaryimage"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/09\/House-prices.jpg","datePublished":"2021-09-14T21:17:21+00:00","breadcrumb":{"@id":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/#primaryimage","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/09\/House-prices.jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/09\/House-prices.jpg","width":862,"height":575,"caption":"property price growth"},{"@type":"BreadcrumbList","@id":"https:\/\/propertynoise.co.nz\/au\/were-back-to-record-property-price-growth-so-whats-being-done-about-it\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/propertynoise.co.nz\/au\/"},{"@type":"ListItem","position":2,"name":"We\u2019re back to record property price growth, so what\u2019s being done about it?"}]},{"@type":"WebSite","@id":"https:\/\/propertynoise.co.nz\/au\/#website","url":"https:\/\/propertynoise.co.nz\/au\/","name":"Property News Australia","description":"Property News | Real Estate News | Australia","publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/propertynoise.co.nz\/au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/propertynoise.co.nz\/au\/#organization","name":"The Property Noise Group","url":"https:\/\/propertynoise.co.nz\/au\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","width":1120,"height":160,"caption":"The Property Noise Group"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/PropertyNoiseNZ\/","https:\/\/x.com\/propertynoisenz","http:\/\/propertynoisenz"]},{"@type":"Person","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84","name":"Property Noise Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","caption":"Property Noise Group"}}]}},"_links":{"self":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/34568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/comments?post=34568"}],"version-history":[{"count":1,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/34568\/revisions"}],"predecessor-version":[{"id":34570,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/34568\/revisions\/34570"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media\/34569"}],"wp:attachment":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media?parent=34568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/categories?post=34568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/tags?post=34568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}