That growth of credit to many borrowers  2  The Reserve Bank does not take a doctrinaire view of the “correct” level of house prices. The endless discussion about whether or not the level of prices constitutes, at any one time, a “bubble” is not very productive.
Our national economy has been strained by this housing slowdown and other forces, causing policymakers and others to debate what response is necessary. Also, during this election season, we are reminded of the importance of economic issues.