Property investors are always keen to know what’s going to happen with interest rates and there’s been a lot of fascinating debate on interest rates over the last few days.
Housing construction hasn’t hasn’t really picked up despite a series of interest rate cuts, labour market demand is looking weak, and today we saw uninspiring December housing finance data from the ABS. In particular first homebuyers seem to be steering clear of buying.
The Reserve Bank indicated in its Statement on Monetary Policy on Friday that:
Which is a fairly clear indication that inflation is no barrier to another cut.
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