The beleaguered residential property market will be one key transmission mechanism through which the RBA’s interest rate relief will affect the wider economy.
Martin Place opened the door to this possibility when it shocked the market by suddenly shifting to an “easing bias” that presaged lower rates at its board meeting in December last year.
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Christopher Joye is a portfolio manager with Coolabah Capital, which invests in securities, including those discussed in his column. Connect with Christopher on Twitter.
