House prices: Has the first domino fallen?

Subdued property market sentiment may begin to dissipate.

Whether you think the economy desperately needs rebalancing through lower rates and a lower dollar to avoid a recession, or not, I think there is one thing everyone can agree. The broad spread of available data suggests that record low interest rates aren’t having much of an effect  (See my note of 24 May: Has Monetary Policy lost its oomph?) . Indeed the NAB business survey on Tuesday showed that despite the 200bp worth of easing and a 12% slump in the dollar, business conditions got worse in June.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles