RBA's June chart pack cites house price drop

RBA's June chart pack cites house price drop
RBA's June chart pack cites house price drop

The RBA have released their chart pack for the June cash rate decision.

We focus on the key charts which will have helped the institution come to its decision to hold rates at 1.5 percent for the 20th consecutive meeting.

Housing prices took a sharp downturn, however household debt continues to rise.

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RBA's June chart pack cites house price drop

House prices continue their downward trend.

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RBA's June chart pack cites house price drop

Consumer sentiment is continuing to hover above average.

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RBA's June chart pack cites house price drop

Owner occupier home loan approvals continue to outstrip investors after running close in 2016.

The graph below shows a recent sharp dip in investor approvals, while there's been a surge in owner-occupier approvals over the last few years.

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RBA's June chart pack cites house price drop

To see the full chart pack click here.

 

Tags: 
Rba Rate Decision Rba Insights

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