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The other question to consider is whether the RBA will bring in macroprudential controls on the banks, as has happened in New Zealand, and are being brought in here in the UK. These would slow the market independently of rate rises. That said, government policy seems to be to push for growth...

The rumours are that the Bank of England and possibly the Federal Reserve will raise rates later this year. But even then the increases are likely to be fairly gentle. When they do, I wouldn't be surprised if Australia follows. That said, what's driving property prices? If it's an inflow...