The "Goldilocks" approach by the RBA has once again been adopted today, with the Bank opting to leave the cash rate on hold at record low rates of 1.50%. They noted a strengthening global economy, with low inflation levels globally (including Australia), and the Bank predicts further growth in the Australian economy, to average a bit above 3 per cent in 2018 and 2019. Employment figures are up YOY, however wage growth still remains low. The housing market as a whole has slowed, and the impacts of APRA's supervisory measures and tighter credit standards still to be seen.
Read the full statement here: https://www.rba.gov.au/media-releases/2018/mr-18-11.htmlwww.rba.gov.au/media-releases/2018/mr-18-11.html
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