Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Joanne Masters
Prices likely to remain subdued into 2020: ANZ Research
The housing market remains weak, and many key indicators are around the worst levels in a number of years. However, the downturn is still tracking in line with our previous forecasts, and our outlook is relatively unchanged. We still anticipate prices will keep falling through 2018 and 2019, and we have extended our forecast into 2020, where prices are likely to remain subdued. Nationwide, we continue to expect prices to fall around 4% in 2018 and 2% in 2019.
Tighter times in property
The good news is Australia’s economic growth is back around its long-term trend, and the outlook is broadly positive. In particular, ongoing employment growth, (gradually) improving wages growth, and population growth running at well above average levels should support house prices in the medium term. Elsewhere, the housing construction cycle continues to evolve broadly in line with our expectations.
BUDGET 2018, in pictures
The government expects the underlying cash balance be a deficit of $A14.5 billion (-0.8 per cent of gross domestic product) in 2018-19, improving to a slim surplus of $A2.2 billion (0.1 per cent of GDP) in 2019-20. "There’s big news on infrastructure, small business and super.” A surplus projection of $A11 billion (0.5 per cent of GDP) is in place for 2020-21 and $A16.6 billion (0.8 per cent of GDP) for 2022-12. Read the infographic below to learn more.
Nine charts that tell the story of the housing market
Housing affordability is still a significant issue. That’s especially true for first home buyers, although rental affordability is much more manageable The effects of worsening affordability have been most keenly felt by first-home buyers. The time taken to save a deposit for an average priced house in Sydney, for someone earning an average income, has sharply increased to over ten years. And that assumes that prices rise no faster than income in that time.
Inflation globalises, Australian inflation falls
An increasingly integrated world is delivering increasing uniformity in inflation across geographies. In part this reflects the commodity price cycle (notably oil) but there is evidence domestic inflation pressures are becoming more sensitive to global forces in a more integrated globe. The combination of weak global inflation and ANZ Research's expectation of domestic economic developments in Australia have underpinned a downward revision to our inflation profile.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Joanne
Contact Joanne, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack