Friday, September 7, 2012

The Effect of Rate Cuts on House Prices

The Central Bank went for the save on Australian house prices in May, then had to spike the punch again a month later. I borrowed the chart from this Joye piece. Australian house prices stabilise in August
Rate cut dates marked by me
Rates were left alone last week, but a cut is expected by the end of the year. More on that here if you are interested.

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