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.
Click here to enlarge.
House prices continue their downward trend.
Click here to enlarge.
Consumer sentiment is continuing to hover above average.
Click here to enlarge.
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.
Click here to enlarge.
To see the full chart pack click here.