Financial Standard Comments - Chief economist update: Australian property market slump Homebuyers can afford to wait for property prices to come down some more, the RBA cannot. https://www.financialstandard.com.au/feed/latest?story=131700075 Sun, 20 Jan 2019 10:22:46 +1100 Sun, 20 Jan 2019 10:22:46 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Noah Last (Self Employed) If RBA cuts interest rates it will reduce the value of AUD especially as the Feds are raising interest rates. This will mean more expensive imports such as electronics, clothing and petrol. Leading to increase cost to run business and thus cutting employees and raising prices. Added with the low wage rise we have experienced in Australia this will lead to less spending. Not to mention less overseas investment coming into Australia due to low interest rates. And that Aussie banks may still keep their interests the same or even raise theirs if the US hikes up theirs again this year anyway. RBA has got a tough decision to make but hoping that by lowering interest rates will boost up home prices is extremely simplified theory.

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]]> Noah Last (Self Employed) Sun, 20 Jan 2019 10:22:46 +1100