Mr Lowe sent a clear message to governments around the country that the best way to deal with the housing affordability crisis in the country was to increase supply and build more dwellings.
The heat is on state governments and banking regulators to take more heat from the property market after figures show house price growth more than doubled in the last three months of 2016 in Melbourne and Sydney.
The Victorian Government has moved to try and help property buyers who are struggling to get enough together for a deposit.
The Government is looking at implementing a housing bond aggregator to give affordable housing providers cheap and lengthy tenor debt for the construction of new homes.
The Government is instead looking to give more power to an ombudsman to look after complaints in the sector.
Financial Services Minister Kelly O’Dwyer will create a new independent standards body with broad powers to maintain professional standards for financial advisers.
The big four banks will this week face the heat in Parliament as they are put under questioning by a committee over their banking practices.
If you own a rental property in Melbourne you may soon have to meet minimum condition standards before you can rent it out.
Investors are clearly worried the British vote next week on EU membership is starting to lean towards exit.
The Finance Brokers Association of Australia has welcomed Scott Morrison’s first Budget, saying it will take the pressure off mortgage-holders and those trying to enter
