A series of data announcements this week have triggered a rigorous public debate about the Australian economic outlook. The Australian Property Institute has prepared a summary of the key indicators and their implications for the property sector.

Key points:

  • The RBA raised its cash rate target for the fourth time this year and still maintains a tightening stance.
  • Inflation has re-accelerated due primarily to sharp increases in housing and transport costs.
  • Overall household spending was flat in August, indicating a slowdown in consumer demand.
  • The number of dwelling approvals remain slower than required to meet housing demand.

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