6 interesting charts from the RBA – Pete Wargent

Each month the RBA release a Chart Pack. Here are six of the more interesting charts for this month:

Housing loan approvals really turning up very sharply.

The RBA will be watching this very closely now and may become forced to hike interest rates at least once.

It’s a mixed story for housing markets, though.
The Sydney property market is looking super-strong, as well as Perth and Melbourne.

Adelaide and the regions are pretty much flat in aggregate. Canberra prices may fall this year. Brisbane just starting to wake up.
dwelling prices

Homeowners appear to be well on top their repayments, however, with the bank’s loan books in good shape according to APRA’s figures.

chart-pack_Страница_35

Share markets around the world are also heading up strongly as we move in 2014, and Australia is no exception.

chart-pack_Страница_28

The net effect of strongly appreciating property prices and recovering share markets is that Australian household wealth is also on the way back up, although with super funds having been hit hard in the financial crisis, we still are quite some way short of being back to the pre-crisis levels.

 

And, perhaps one of the most important charts of all for Australia’s economy, here is what is happening to growth in China (may have stabilised at above 7%) and India (volatile, but picking up).

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Pete Wargent

About

Pete Wargent is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. He’s achieved financial freedom at the age of 33 - as detailed in his book ‘Get a Financial Grip – A Simple Plan for Financial Freedom’. Pete now manages his investment portfolio, travels and works as a consultant in the finance industry from time to time. Visit his blog


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