Feb 19, 2025
In this episode of the MY Podcast, Dr. Andrew Wilson & Brett Warren and I discuss the implications of recent interest rate cuts on the housing market.
In a highly anticipated decision, the Reserve Bank of Australia cut
interest rates for the first time in more than four years, easing
cost of living pressures and opening the door for the government to
call an early election.
In today’s whow Podcast, Dr. Andrew Wilson & Brett Warren and I
discuss the implications of recent interest rate cuts on the
housing market.
We explain that the Reserve Bank was cautious about the outlook,
noting the labor market remains strong and the global economic
outlook is uncertain. Conflicting signals on the economy mean
multiple rate cuts this year are unlikely.
In cutting the cash rate to 4.1%, RBA governor Michele Bullock said
market forecasts for three more rate cuts this year were “far too
confident” and the board needed more evidence inflation was
sustainably back in its 2-3% target band.
But the rate cut is crucial to the government’s narrative of an
improving economy.
Takeaways
Links and Resources:
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Dr. Andrew Wilson – My Housing Market
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Shownotes plus more here: Time-Sensitive: RBA’s Bold Bet: Unpacking the Latest Move with Dr. Andrew Wilson & Brett Warren