RBA leaves interest rates on hold

No doubt, one of the key topics of conversation at this month’s RBA board meeting was around housing market conditions and the ongoing rebound in the rate of capital gains over the second half of 2016 and first two months of 2017.

The CoreLogic monthly hedonic index shows capital city dwelling values have increased by 7.8% since the May ‘16 rate cut. The renewed exuberance in the housing market over the past eight months is due to more than…