Did you catch the first leaders debate between Anthony Albanese and Peter Dutton this week? I’m not going to bang on about it, because you’ve probably had enough of the commentary already, but I’m curious to know, who do you think took the win? General consensus from those in the room was that the Prime Minister came out on top, but it appears audiences across mainstream media backed the opposition leader.
The one man who’s stealing the limelight from both our main political leaders is Donald Trump. Isn’t he giving it to China? The real victor out of those two remains to be seen as the trade war continues to heat up. What we do know for now is that our Australian property market is looking as safe as, well, houses.
Ray White chief economist Nerida Conisbee has published a great piece this week, with that very headline. In it she speaks of the economic volatility sparked by Trump, and the implications for Australian mortgage holders.
“This economic upheaval has dramatically altered interest rate expectations,” Ms Conisbee said.
“As of 8 April, markets anticipate an almost certain 0.50 per cent cut at the next RBA meeting on 20 May. Such reductions would benefit mortgage holders significantly and will almost certainly direct more money into the housing market, supporting both housing supply and price growth.”
Essentially, as financial markets worldwide adjust to the tariff chaos, residential property here remains more stable than many alternative investment options.
I hope you’ve enjoyed the read.
Matt Lancashire
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