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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

30 Sept 2019 (AFR) – Price rises set the housing market up for another boom

(30 September 2019, AFR, p22, Sarah Turner, Reporter)

‘All the ingredients for another house price boom are in place, economists have warned, after prices rose again in August and stirred the fears among market watchers already uncomfortable with high household leverage. Economists participating in The Australian Financial Review’s September quarter survey were struck by the pace of recovery in prices that has followed the Coalition’s election win, the Reserve Bank’s interest rate cuts in June and July, and an easing of macroprudential safeguards.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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