House Prices are Predicted to Soar thanks to the recent RBA rate cut.
Will the Reserve Bank Cut Interest Rates Today?
#Recession #UnderEmployment #Unemployment Australia’s unemployment rate has remained steady at 5.2%. While that might sound like good news, it is masking an increase in our underemployment rate and part-time work due to the election. References Unemployment remains steady at 5.2pc despite an extra 42,300 jobs https://www.abc.net.au/news/2019-06-13/unemployment-remains-steady-despite-extral-42000-jobs/11205060?section=business
#Recession #Retail #NAB Recent NAB survey data indicates that while business confidence is up Australia’s retail sector is in recession the list of which have not been seen since the GFC. While many are hoping the recent RBA rate cut will help stimulate the economy, I think consumer confidence might be different. References NAB business […]
#AusPol #Budget #RateCut The RBA is predicted to make an interest rate cut tomorrow. Will it make any difference and will Australia avoid a recession or a housing crash? References With rate cuts and the real risk of a recession ahead, can Australia’s economic run of luck continue? https://www.abc.net.au/news/2019-06-03/rate-cuts-and-recession-can-our-luck-continue/11172000
#AusPol #Budget #Housing It appears that the Melbourne housing price crash has left a huge hole in the Victorian State Budget. While the natural response for a Labor government is to increase taxes, I am concerned that they didn’t foresee this issue. References Housing fall blows $5.2bn hole in Victorian budget https://www.theaustralian.com.au/nation/politics/housing-fall-blows-52bn-hole-in-victorian-budget/news-story/b3f8bedafa7ad255572e1c3f859a9751
#AusPol #InterestRate #Housing The RBA is looking at cutting Australia’s Cash Rate. Will an Interest Rate cut stop the housing crash? References Australian dollar headed for a fall as Reserve Bank mulls interest rates cut https://www.abc.net.au/news/2019-05-06/why-the-aussie-dollar-is-headed-for-a-fall/11081810?pfmredir=sm The Observatory of Economic Complexity https://atlas.media.mit.edu/en/profile/country/aus/ 6202.0 – Labour Force, Australia, Mar 2019 http://www.abs.gov.au/ausstats/abs@.nsf/0/6050C537617B613BCA25836800102753?Opendocument