The latest charts and stats from the Reserve Bank

The RBA charts – always make for an interesting read!

Their latest stats have just been released so let’s look through some of the highlights….

Household saving ratio – remains way above where it was during the great leveraging:

Household finances – debt levels levelled off many years ago now. Interest payments have fallen significantly as rates have moderated:

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Consumer sentiment – a blip, but well above the long-term average:

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Housing loan approvals increasing strongly in total, but, as expected, not for first home buyers at this point:

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Retail sales growth – promising trend:

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Dwelling prices – strengthening in Sydney and Perth. Very flat for years in the regions:

dwelling prices

Household wealth – chart tells its own story:

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GDP growth remains OK at around 3% at this point. Potential for it to weaken as the mining investment boom fades. Could result in further interest rate cuts.

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Inflation, smack in the middle of the target range at 2.5%:

chart-pack_Страница_08

Commodity prices have weakened. Expecting iron ore price to fall, which could also add to the case for further rate cuts:

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Interest rate now low at just 2.75%:

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Bond yields, ummm…

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Share prices – as expected, it’s the financial sector which is up and running (not resources):

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Aussie dollar still too high for liking against the USD – could also mean low interest rates:

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Labour productivity – much stronger than the press would have you believe:

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Wages growth trend – above 3% for both public and private sectors:

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Unemployment remaining well under 6% – but more on this later…!

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Source: Reserve Bank of Australia

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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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