The RBI's Analysis on Australian House Prices

I've consistently argued this will be an orderly correction. That is frankly the best thing that's ever happened to the Australian economy in years. And we desperately needed this correction. I'm also arguing that I don't think the RBI should cut rates. Because their own research suggests that if they cut the cash rate of 1%, house prices would actually jump back up 28%. It vindicates my view that the RBI was the key driver of the great Aussie housing bubble of circa 2017 through that multi-year period of cuts between 2011 and 2016.