A look at housing in 2015

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We expect new dwelling construction to be 193K in 2015, staying near the record level of 2014. The major drivers of housing construction are firm population growth, very low mortgage

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23 Jan 2015

House prices take a breather over September

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RP Data‑Rismark report that Australian dwelling prices rose by a small 0.1% over September.  Annual growth eased to 9.3%. Dwelling prices growth has been strongest in Australia’s two largest capital

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02 Oct 2014

What is needed to drive consumer spending?

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Real wages growth will remain low while the labour market is weak.  Real household disposable income growth will continue to run at a below‑average pace and therefore act as a

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24 Sep 2014

RBA Board Minutes – September 2014

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The RBA maintained its guidance that “the most prudent course was likely to be a period of stability in rates”. The tone was in line with previous Board minutes, but

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17 Sep 2014

RBA Governor says growth could be higher. It’s not just about interest rates

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RBA Governor’s Testimony – August 2014 The Governor’s opening statement forecast that growth of 2‑3%pa is the most likely outcome for 2014/15 and inflation to remain consistent with the 2%

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21 Aug 2014

CBA Economics: RBA maintains stable cash rate outlook.

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RBA Board Minutes – August 2014 The RBA maintained its guidance that “the most prudent course was likely to be a period of stability in rates”. The tone was in

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20 Aug 2014

Declining commodity prices and an elevated AUD weigh on exports

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Trade Balance – May 2014 The May trade figures showed a large deficit of $1.9bn Declining commodity prices and an elevated AUD over the month weighed on export receipts. Exports

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03 Jul 2014

No signs of Budget fears in May credit data

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Housing credit lifted by 0.5% and is running at 6.2% over the year.  Investor housing credit rose by 0.8% (8.3%pa) and owner‑occupied credit increased by 0.4% (5.2%pa). Business credit increased

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01 Jul 2014

June RBA Board minutes more dated than usual

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RBA Board Minutes – June 2014 There was no change to the RBA’s guidance about a period of stability in rate settings continuing. The June Board minutes look a bit

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18 Jun 2014

Consument sentiment still being impacted by negativity around the Federal Budget

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Consumer Sentiment – June Consumer sentiment rose by a small 0.2% in June but is 8.8% below year its year ago level Confidence is still being adversely impacted by the

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12 Jun 2014