Specialist property and infrastructure fund managers say the government should be using low interest rates to borrow and invest in much needed infrastructure rather than implementing quantitative easing, which could make expensive parts of the market even more overvalued.

The debate over the use of quantitative easing in Australia is expected to gain momentum after Reserve Bank of Australia governor Philip Lowe's speech on the global use of unconventional monetary policy at the Australian Business Economists dinner in Sydney on Tuesday.