Prices are rising because of the very low interest rates, says ANZ chief
Tue, Apr 08, 2014 - 6:00 AM
Heating up: Australian home prices last month had the biggest monthly gain on record, while Sydney prices climbed 15.6% from a year earlier, according to the RP Data-Rismark Home Value Index. - PHOTO: BLOOMBERG
[SYDNEY] Banks may tighten lending standards and buyers turn cautious if a surge in Sydney house prices spreads to other capital cities in Australia, the country head of the nation's third-largest lender by market value said.
"These price rises are there because of the very low level of...