A construction site in central Sydney. The Reserve Bank of Australia, which delivered back-to-back rate cuts in June and July, has its work cut out given the official cash rate is already at an all-time low of 1 per cent. Photo: Reuters
Australian property recovery fails to boost wider economy
- Australian economy is heading for 29th straight year of recession-free growth, but remains persistently weak
Topic |
International Property
A construction site in central Sydney. The Reserve Bank of Australia, which delivered back-to-back rate cuts in June and July, has its work cut out given the official cash rate is already at an all-time low of 1 per cent. Photo: Reuters