Australian Housing Set for First Rebound During Tightening.

"The Australian housing market has proved much more resilient to higher interest rates", said Andrew Boak, chief economist for Australia at Goldman Sachs Group Inc. "We view the risks to our already above consensus growth forecasts for 2023 and 2024 as skewed slightly to the upside." "When interest rates started to rise, housing prices started to decline and we thought that they would continue to decline. (Bloomberg) -- Australian house prices are poised for an annual rebound during a policy tightening campaign for the first time since at least the early 1990s, when the Reserve Bank began inflation targeting and entered the modern era. [Extracted from the article]

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