#australianeconomy #housingmarket #interestrates #inflation #CommBankView
Australia’s housing downturn is gathering pace, with home prices now falling across every capital city.
CommBank Senior Economist Trent Saunders joins Mandy Drury to unpack the latest housing outlook, including why Sydney and Melbourne could see larger falls, why rental conditions remain tight and what interest rate cuts could mean for a housing recovery.
They also look at the inflation outlook, what CommBank’s latest estimate of the neutral cash rate means and why interest rates could average higher than they did before the pandemic.
Plus, Energy and Sustainable Economist John Oh previews the key economic and market data ahead, including Australian inflation and home prices, US inflation and jobs data, and the outlook for interest rates.
00:00 Introduction
00:54 Australia’s housing downturn gathers pace
02:17 Why the weakness has spread
04:04 Sydney and Melbourne’s housing outlook
05:59 Why the rental market remains tight
07:15 When could home prices recover?
08:37 Inflation and the outlook for the RBA
12:12 What could bring inflation down?
13:53 What is the neutral cash rate?
15:27 Why the neutral rate is rising
16:36 Are higher interest rates here to stay?
17:47 Markets ahead
18:02 Australian inflation preview
19:14 September home prices
19:58 US inflation
20:51 Eurozone inflation
21:19 US jobs and interest rates
22:18 Wrap-up
Credit to : CommBank Business
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