Woe is housing as GDP howls rate hikes
Rate hike calls are reaching screaming levels. Goldman has pivoted. Housing Price Collapse: Australian capital-city prices down 4.6% from March peak, projected 15% decline in Sydney/Melbourne by mid-2027 (largest downturn on record), triggering 130bp drag on consumer spending growth and pressuring GDP via negative wealth effects. RBA Policy Timing Shift: Base case for November cash The post Woe…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
