Australia’s housing market is heating up following the Reserve Bank of Australia’s (RBA) 0.25% interest rate cut last month and expectations of further reductions this year. As illustrated in the following chart, CoreLogic’s daily dwelling values index has rebounded strongly, driven by Sydney and Melbourne. At the aggregate 5-city level, dwelling values have risen by
The post Aussie housing market heats up following interest rate cut appeared first on MacroBusiness.