The market thinks an interest rate cut may soon be in the offing,partly because house building is off the boil – but they’re ignoring apartment constructionThe latest figures on building activity in Australia indicate that in the September quarter of final year a record level of residential building work occurred. And yet, despite the apparent building boom, and the market still expects the Reserve Bank to cut rates by July this year.
In the September quarter final year a record $13,622m in private sector residential building work occurred: Continue reading...
Source: theguardian.com