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Australia Q3 home price index +5.0% vs +5.0% q/q expected

Australia Q3 home price index +5.0% vs +5.0% q/q expected

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Adam Button
07/12/2021 | 00:30 GMT
  • Australian home price data
  • Prior was 6.7%
  • Prices up 21.7% y/y

That's a healthy housing market.

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Westpac expects the RBNZ to hold the OCR at 2.25% in February while bringing forward its first projected rate hike to December 2026. The bank sees dovish messaging, with inflation forecasts trending back toward 2%.

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