In the AFR I write that Aussie house prices could fall by more than 30 per cent if the Reserve Bank of Australia’s fulfils uber-aggressive market expectations for an increase in its cash rate from the post-pandemic nadir of 0.10 per cent all the way to 4.25 per cent. This.
In 2020 we tracked down and eviscerated the hordes of housing “bears”. This year, we’ve turned our cross hairs onto the rare species of the housing “bull”.
Economists say Australia’s central bank can only do so much to counter cost of living problems, which are largely driven by global price growth in essentials including oil and food.