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