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Paul Did you read the linked article . It sounds like the RBA are considering options to slow the property market selectively , rather than the whole economy. Cliff

On what basis do you say that ? We're keeping a close watch and not seeing any sign of a slow down in our area. ( upper north shore ) . Cliff

Thanks for that . Good to get the whole concept in perspective. Does sound like a much more sensible approach than cranking up interest rates which would cause pain for existing borrowers as well as limiting new loans . Cliff

So overall , apart from the group of people who like to take a riskier approach of pushing their borrowing capacity to the max , this might be a good idea for giving more stability to the housing market , by leveling out the peaks and troughs. The news spot I saw didn't mention 3 or 4 %...

Tried to find a link for this but couldn't . On ABC 24 this morning , there was a headline about the RBA putting in a restriction on mortgages only being given if people can prove they can afford a 4 % increase in interst rises . My understanding was that was being raised for discussion ...