Over the past decade, Australia's property market has witnessed significant growth, metamorphosing into a global investment hotspot. This period has been characterized by rising property values, robust demand, and an ever-changing landscape of regulations and financial mechanisms. Here, we delve into the key drivers of this growth and the ramifications for the nation's economy.

1. Record-Low Interest Rates:

Central to the growth in property trade has been the Reserve Bank of Australia’s (RBA) monetary policy. Throughout the past ten years, the RBA has maintained historically low-interest rates, making borrowing more accessible and affordable. This has, in turn, fuelled demand for both residential and commercial properties.

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