RBA Cash Rate August 2023 & Australian Housing Market Update
The Property Couch
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The Economic and RBA Update on the Property Market
Business confidence recorded a flat reading of zero index points. Confidence has been volatile recently highlighting the elevated uncertainty facing many businesses. The growth in labour costs and retail prices re-accelerated in June, which is not what the RBA is looking for to tackle inflation. Now, let's look at the property story. I'm going to go deeper on supply side and building approvals and general sort of commentary around that particular area. Late last month, I recorded a mini mid-year property market update and I've attached that to the end of this presentation. If you're watching in video, I continue on.
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