General
With Low Inflation, Real Dwelling Value Falls Are Being Exacerbated
With the release of the Consumer Price Index (CPI) for March 2019 over the past week, the low rate of inflation is resulting in larger inflation adjusted (or real) dwelling value falls. Over the March 2019 quarter, inflation was unchanged over the quarter and 1.3% higher over the past year, its slowest annual rate of growth since September 2016. Many economists now expect that as early as next month the Reserve Bank (RBA) will cut interest rates given inflation is now much lower than its 2%…
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