And the Melbourne market looks to be recovering too. This data is based on the latest daily hedonic index information through to 22 July...All banks and housing investors should thank our munificent RBA for bringing the average variable rate loan 50bps below its long-term average since the mid 1990s (and a few hundred basis points below the average since 1980)...A great story for the ABC's Ticky Fullerton and The Business TV program, which has given surprisingly regular oxygen to the spruikers of housing doom in 2012.
Real-time, stream-of-consciousness insights on financial markets, economics, policy, housing, politics, and anything else that captures my interest. Tweet @cjoye
The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."