Interest rates are falling again. After years of rate hikes, mortgage stress, and a cooling economy, the RBA has now dropped interest rates for the second time this cycle and there are more rate cuts to come.
But what does this actually mean?
Is the worst behind us—or is this a sign of deeper cracks in the economy?
In today’s Big Picture episode, I’m joined again by leading financial commentator Pete Wargent as we unpack the macroeconomic forces shaping our housing markets and the financial outlook for Australians.
Of course, the headline is the Reserve Bank’s decision to cut rates on May 20.
But there’s so much more going on behind the scenes—consumer spending is tanking, the construction sector is in crisis, our population is booming while new housing approvals are plummeting, and unemployment is quietly starting to rise.
We also explore whether this rate cut will fire up another round of property price growth, how investors are likely to respond, and whether inflation could make an unwelcome return.
Plus, we’ll take a step back and look at the global context—what’s happening with the US Federal Reserve, China’s economy, and what all of this means for you as a property investor, business owner, or just someone trying to make sense of the chaos.
So whether you’re wondering if now is the right time to buy property, refinance, or simply want to stay ahead of the curve, you’re in the right place.
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