Measuring the real house price bust

Friday 3 May 2019

Via Cameron Kusher at CoreLogic:

With the release of the Consumer Price Index (CPI) for March 2019 over the past week, the low rate of inflation is resulting in larger inflation adjusted (or real) dwelling value falls. Over the March 2019 quarter, inflation was unchanged over the quarter and 1.3% higher over the past year, its slowest annual rate of growth since September 2016. Many economists now expect that as early as next month the Reserve Bank (RBA) will cut interest rates given inflation is now much lower than its 2% to 3% target range.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.