Sydney Housing Bubble Unlikely to Deter RBA

Sydney is in the midst of a housing bubble but that won’t stop the Reserve Bank cutting rates again, a top economist says.  Unjustified property prices and investor speculation has created a bubble in Sydney that’s at risk of bursting, AMP chief economist Shane Oliver says. Average prices in Sydney soared 13 per cent in …

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NZ Prime Minister: Australia is our Top Risk

While the drivers for New Zealand’s economy remain largely intact, a sharper-than-anticipated slowdown in neighboring Australia poses a threat to growth, Prime Minister John Key warned. “The big drivers of economic growth are net migration being strong, the Christchurch rebuild adding a lot of stimulus and huge investment in Auckland happening in infrastructure, and generally, …

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Australian Consumer Confidence at Lowest in Seven Months

Aussie consumer confidence is at its lowest in seven months but consumers are still feeling reasonably optimistic, thanks to loose monetary policy and buoyant house prices. That’s the message from the latest ANZ Roy Morgan weekly consumer confidence index, as measured on April 5, which reported a result of 109.7. The result was the lowest …

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