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The Australian Economy – March 2014.
On March 17 Westpac revised its forecast for the RBA cash rate, eschewing (keeping away from, avoiding) any more rate cuts in the cycle and predicting that the next move will be up by the second half of 2015.
The Australian Housing Sector
We all waited for consumer sentiment to improve last year as housing markets should have been performing well in early 2013, but that didn't eventuate. Low Interest Rates historically create property growth through increased affordability and demand; the market showed some activity as gradually sentiment improved and property markets started to show strong growth moving into the last quarter of 2013.
Stability proves that the economy is working and does not need fixing.