{"id":14898,"date":"2018-11-04T18:50:38","date_gmt":"2018-11-04T05:50:38","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=14898"},"modified":"2024-03-01T20:58:47","modified_gmt":"2024-03-01T07:58:47","slug":"house-price-slump-is-now-weighing-on-the-economy-but-is-it-getting-worse-or-bottoming-out","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/house-price-slump-is-now-weighing-on-the-economy-but-is-it-getting-worse-or-bottoming-out\/","title":{"rendered":"House price slump is now weighing on the economy, but is it getting worse or bottoming out?"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0\u00a0Australian house prices may be 4pc down from their peak, but they are still up more than 40pc over the decade. Maximillian Conacher: public domain<\/strong><\/p>\n<p class=\"first\">It&#8217;s a busy week for the Reserve Bank. There&#8217;s the annual Cup Day board meeting and the release of its latest batch of forecasts in the quarterly Statement on Monetary Policy on Friday.<\/p>\n<p>Busy is a relative term. Nothing much will change.<\/p>\n<p>Interest rates will stay on hold at the record low of 1.5 per cent, as they have at every meeting since August 2016.<\/p>\n<p>The key forecasts for GDP growth, inflation and unemployment over the foreseeable horizon will remain largely untouched. The glass will remain half-full at the RBA&#8217;s Martin Place HQ.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2018-11-04\/house-price-sump-weighs-on-economy-but-has-it-bottomed-out\/10461190\">ABC<\/a><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"f5pBrsH3FH\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/\">Advertising Rates<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cAdvertising Rates\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/embed\/#?secret=itS4bBioZY#?secret=f5pBrsH3FH\" data-secret=\"f5pBrsH3FH\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0\u00a0Australian house prices may be 4pc down from their<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/house-price-slump-is-now-weighing-on-the-economy-but-is-it-getting-worse-or-bottoming-out\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":14899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098512,478100564,478098521,478098566,478101744,478101742,478098522,478101745,478098556,478098513,478101743,478099125,478098579,478098514,478098609,478098511,478098533,478098509],"class_list":["entry","author-wpcomsupport","post-14898","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-australia","tag-australian-house-prices","tag-australians","tag-first-home-buyers","tag-gdp-growth","tag-house-price-slump","tag-interest-rates","tag-monetary-policy","tag-nsw","tag-property","tag-property-correction","tag-property-crash","tag-property-market","tag-propertynoise","tag-rba","tag-real-estate","tag-real-estate-agent","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>House price slump is now weighing on the economy, but is it getting worse or bottoming out? 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