Which Way for House Prices? | BTalk Australia

Last Updated Oct 28, 2008 1:06 AM EDT


(12min 40) As part of the plan to drive confidence into the economy the Aussie government is offering up to $21,000 for new home buyers. This on top of the recent 1% drop in interest rates from the Reserve Bank. What does this all mean for house prices?

Today on BTalk Phil Dobbie talks to Noel Dyett, the President of the Real Estate Institute of Australia. Despite the economic outlook and the high level of debt wrapped up in housing he believes there are still reasons to be optimistic about house prices.

Tell us what you think in the Talkback section at the bottom of this post.

For a different view on how where house prices are heading listen to the BTalk podcast with Prof Steve Keen.

Also listen to Alan Moran's view on how the reserve Bank is doing the wrong thing by lowering rates.

Subscribe to BTalk Australia on iTunes.