Australian interest rates Australian Property

Shane Oliver: Aussie house prices to fall this year

Friday 4 February 2022

AMP Capital expects the Reserve Bank of Australia (RBA) to increase the cash rate in August and September, lifting it to 0.5%.

Chief economist Shane Oliver says this would be sufficient to cool the housing market. He adds that housing prices could fall by up to 10% if the RBA cuts the cash rate four times in 2023, which AMP believes is likely.

From The AFR:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.