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More cuts needed, warns economist

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Australian Broker | 03 Oct 2012, 08:00 AM Agree 0
The RBA will need to make further cuts to boost the housing market, a leading economist tells Australian Broker Online
  • Kym Dalton | 03 Oct 2012, 10:53 AM Agree 0
    Is a "recovery in the housing market" a euphemism for house price appreciation? If so, this is not the recovery we need- Australian housing is fully priced. Phil Naylor is correct, confidence is needed. Confidence that the house purchase represents value, confidence that the loan repayments are affordable nd confidence that the economy will remain robust enough to maintain employment. The sooner the Pavlovian cheer for house price appreciation as an indicator that things are improving is a thing of the past- the better for both borrowers and lenders
  • Positive Broker | 03 Oct 2012, 11:32 AM Agree 0
    Agree with Kim and Phil, confidence is the issue, not rates. The solution may be political, cost of living and fear of higher taxes is the issue in my view.
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