Annual headline inflation is now 3.5%yr but at 2.5%yr, the average annual underlying inflation rate is at the mid-point of the RBA's 2 to 3% target band. Read more
We’ve commented quite a few times recently on how the low volume of homes being transacted across the country is creating tough conditions across the real estate sector. Transactions volumes nationally are running about 11% below the five year average. The good news is that national sales volumes have shown some subtle improvements over the three months to July and are likely to show further improvements from the low base as the year progresses. Read more