Recession Housing Price Discussion Overlaps Rate Hold
RBA Commentary for September 2019 The official cash rate sits at 1.00% as: · Inflation sits around 1.6%; · The Australian dollar fell to 0.67c US; and · Unemployment stays at 5.2%. The word ‘recession’ strikes fear into the hearts of anyone who hears it mentioned. So, when economists start discussing if the rebound in housing prices is going to be short-lived due to a looming recession, naturally the ears of homeowners within hearing distance prick-up. Now while the word recession sounds formidable, the fact that housing prices are starting to recover from a slump, and that the Reserve Bank of Australia has once again left rates on hold are both favourable. Why? Well, let’s take an in-depth look at what’s occurred recently, and in the past, so we can put your mind at ease about recession and it’s impact on ...