Well, as was expected, the RBA has kept the official cash rate on hold at 2%.
This comes at a time where the Property ‘industry’ is contributing more to the Australian economy than mining, I am unclear on the figures, at least not clear enough to quote them.
There has also been growth figures thrown around in certain outlets claiming a 1% growth in property prices across Sydney in January and 0.5% growth in February.
Further to this good news – for home owners – the Auction Clearance Rate has spent 4 weeks in the 70 to 80 percent range.
Stable or bubble?
Thomas Merriman
Thomas Merriman 