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 housing prices. Recession Housing Price Discussions Economists are talking about a recession . Now for those of