RBA August 2024 | Why Australia is OUT of Cycle with the Rest of the World

The Property Couch

Welcome to the fifth RBA Rate Release of 2024 with Ben Kingsley and Evan Lucas!

Here's a sneak peek into what our hosts cover in today's episode:

📺 RBA’s Cash Rate Decision: Find out all about the Reserve Bank of Australia’s latest cash rate decision, as announced at 2.30pm (AEST) today!

📈 Australia’s Rising Inflation: Annual inflation in Australia is up to 3.8%, but still within the long-term trend. Property prices are mixed, with Sydney's growth slowing and Perth and Adelaide showing strong growth.

🤷 Mixed Signals In the US: The US shows mixed data, with GDP growth driven by consumer and government spending. The Federal Reserve keeps rates steady but is open to possible rate cuts.

🌱 EU’s Steady Growth: The European Union's economy shows steady GDP growth at 0.3%, with inflation ticking up to 2.6%. The ECB keeps rates unchanged but hints at possible future rate cuts.

🌟 Exciting Changes Ahead: We're shaking things up with our RBA cash rate announcements. Soon, you'll be able to catch Ben & Evan's commentary LIVE! Plus, we've got a quarterly Property Market Update session with Bryce & Ben in the works. More details to come, so stay tuned.

Whether you're an investor, homeowner, or just curious about economic trends, this episode is packed with valuable insights!
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1. RBA August 2024 | Why Australia is OUT of Cycle with the Rest of the World (00:00:00)

2. US Economic Update (00:01:26)

3. China Economic Update (00:13:16)

4. Europe Economic Update (00:19:19)

5. Inflation in Australia (00:32:27)

6. RBA’s Interest Rate Decision (00:39:49)

7. Unemployment in Australia (00:41:35)

8. Consumer Confidence & Sentiment in Australia (00:45:09)

9. Retail Sales in Australia (00:46:24)

10. Business Confidence in Australia (00:48:42)

11. Important Update! (00:51:51)

12. CoreLogic Hedonic Home Value Index (00:53:08)

13. Summary (00:55:20)