Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
The RBA looks to have sensibly ruled out higher loan-to-value ratios to slow house price growth, but its current proposal is still flawed simply because there’s no justification for taking any action at all.
While the RBA continues to voice its concerns about the Melbourne and Sydney property markets, we don't actually know enough about the impact of investor activity because Treasury hasn't done any work on it.