UBS: Deleveraging pulse intact, RBA to cut
Via the excellent George Theranou at UBS: Following coordinated policy easing by APRA & the RBA, home loan values rebounded 18% in the 6 months to November, seeing home prices lift >10% annualised, moving quickly towards our ‘mini-boom’ forecast of 10% y/y, especially with the RBA to keep easing.