Why the Reserve Bank is happy to see Sydney, Melbourne house prices edge lower

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Karen Maley| Australian Financial Review| 17 July 2018 https://www.afr.com/opinion/columnists/why-the-reserve-bank-is-happy-to-see-sydney-melbourne-house-prices-edge-lower-20180717-h12s3c The Sydney and Melbourne property markets are gradually deflating, and the Reserve Bank of Australia couldn’t be happier. That’s the clear message from the minutes of the RBA’s latest board meeting, held a fortnight ago. Judging from the minutes, the RBA board spent much more time than usual examining the complex …

What’s next for Australian property prices? Three economic heavyweights make their case

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Chris Kohler| Domain| 9 April 2019 https://www.domain.com.au/money-markets/whats-next-for-australian-property-prices-3-economic-heavyweights-make-their-case-20180409-h0yijb/ Economic experts are at loggerheads over the Australian property market’s health and outlook, with UBS arguing a 35 per cent slump in the mortgage borrowing power of Australians, and steep house price falls, is possible. Meanwhile, AMP chief economist Shane Oliver expects another 5 per cent fall this year alone, but no house-price …