Property News · August 6, 2018

Sydney’s house price slump means Australian interest rates will stay on hold 


Sydney’s bubbly house prices are sinking and have been tipped to fall for at least another year, pushing the central bank even further to the sidelines.
Given Australia’s tepid wages, tame inflation, rangebound currency and exposure to a global trade war, Reserve Bank of Australia governor Philip Lowe and his board are almost certain to keep the benchmark cash rate at a record-low 1.5 per cent when they meet on Tuesday.
Throw in the precedent that the RBA has not raised rates while…

Source : South China Morning Post
Read more…Sydney’s house price slump means Australian interest rates will stay on hold 

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