Housing market sentiment rallied as national housing price growth accelerated in the March quarter.
Insight
August 9, 2016
Australian Markets Weekly: 8 August 2016
Last week’s RBA rate cut has strengthened the argument that the RBA is uneasy about the outlook for Australian inflation.
House price inflation being remodelled
- RBA cuts again amid signs inflation will remain below target for some time yet
- Measurement of housing inflation in the melting pot as CoreLogic methodology changes
- House price acceleration in recent months now not so worrisome, the RBA finds
- Sydney and Melbourne auction clearance rates up again this weekend after rate cut
- Even so, headwinds lining up against the housing market
- NAB Business Survey (and forecast update) tomorrow; Glenn Stevens delivers his last speech as Governor on Wednesday; consumer sentiment and housing finance Thursday
- Offshore this week: China growth reports Friday; RBNZ highly likely to cut Thursday
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