Four housing charts that helped the RBA decide to hold rates
Joel RobinsonDecember 7, 2020
The RBA considered these four charts to help in its determination of keeping the cash rate on hold at 1.5 percent earlier this week.
Household debt is at its peak, while interest being paid on households has begun a sharp decline.
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Housing loan approvals are also near their peak, with the gap between owner occupiers and investors widening.
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Household net wealth is peaking, which will have made the RBA contemplate a rate raise.
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Housing prices are set to end the year in a downturn.
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Joel Robinson
Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.