RBA uses strongest language yet to warn of housing 'risks'
As ABS data confirms that property prices are rising strongly in some cities, the minutes of the March Reserve Bank board meeting flags concerns about the "build-up of risks" in the housing market.
With the current cycle in its 58th month, property price growth hit a new high in February, with prices rising 1.4 per cent to be up 11.7 per cent for the year.
Weak inflation has sent interest rates to historic lows, but new housing supply and APRA's steps to rein in property investment will contain property prices.