Interest Rates on Hold (Oct 2017)

The RBA is likely to view the softening in housing market conditions as a welcome outcome and confirmation that macro-prudential measures have done the heavy lifting to cool the rapid pace of capital gains across the Sydney and Melbourne housing markets.
 
CoreLogic’s hedonic home value index reported the first month-on-month decline in Sydney dwelling values since March last year when the previous round of APRA regulatory changes were flowing through to credit policies and reducing…