REA Group Economist Angus Moore says the Reserve Financial institution clearly pays lots of consideration to the housing market because it’s “enormously necessary” for “financial exercise and consumption”.
“Each by way of when folks transfer residence, they have a tendency to spend so much extra and in addition the truth that when folks’s residence costs are going up in addition they are inclined to spend extra,” Mr Moore advised Sky Information Enterprise Editor Ross Greenwood.
“It’s actually one thing the RBA will likely be watching, that mentioned I don’t suppose it’s going to be form of high of their listing of issues that they’re listening to.
“I believe the primary issues on their thoughts in the intervening time are actually inflation … and the labour market which (is) nonetheless extremely robust.”
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