There are grave concerns about the rate at which housing prices in Sydney and Melbourne are growing, with some worried it could result in a range of issues.

With housing prices bouncing back in Melbourne and Sydney, experts are concerned it could result in another property bubble as a result of record-low rates.

Professor Richard Holden from UNSW Business tells Ross Greenwood it’s “a risky point in time”.

“All the same concerns we had 18 months ago about very high household debt levels, a potential property bubble, overleveraging, they’re all just right back squarely in the picture.”

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