The Motley Fool CEO Scott Phillips says houses seem “untouchable” as listings jump 20 per cent.
Interest rates are as high as they’ve been in “pretty much 20 years”, he told Englishheadline Australia.
“We’ve got house listings jumping up 20 per cent now from a low base,” he said.
“So there is some element of kind of returning to some sort of normal and there is some seasonality as we start to go into spring.
“You would’ve thought with everything else going on in the economy, slowing retail sales, falling job ads, all sorts of things happening right across the economy right now and yet houses seem untouchable.”