Major Banks’ Predictions The consensus among Australia’s major banks—ANZ, Commonwealth Bank, Westpac, and National Australia Bank (NAB)—is that the RBA will initiate a 25 basis point cut in February. This expected move is part of a broader strategy to ease financial conditions and support economic recovery. ANZ Bank has expressed confidence in the RBA’s decision…
Category: Blog
Banjo had the privilege of hosting Alan Oster, Group Chief Economist at National Australia Bank (NAB) on our recent webinar, where he shared his global and Australian macroeconomic outlook. Here’s a brief extract of his comments. The global economy is slowing in 2022. If it continues to slow throughout 2023, we can expect the main…
Housing market bust over, solid growth forecast in 2023: SQM A new housing forecast says the property bust is all but over, with new growth forecast for 2023. Here’s what it means for Queensland. Read Less SQM’s base case scenario is that inflation does not go above 8 per cent, then drops to 5 next…
Rental Market Breaks Multiple Records Rental prices across Australia hit new highs, clocking the fastest annual growth in 11 years to be up 7.4 per cent. Houses and larger apartments were the biggest drawcard for tenants, reflecting changing requirements as people continue to work from home. The Domain quarterly rent report also revealed Melbourne was…