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Australian economy is beginning to slow quickly. The latest economic scorecard doesn’t officially put us in a recession, we are dangerously close to it. If you stripped population growth out, we have already hit that dreaded R word. We are also becoming less productive. Our savings rate has plummeted. Our household spending has nosedived. Overall – the data is clear, higher interest rates are working, and as result, we are all moving backwards.

We go through the latest economic scorecard, discuss latest employment data & what it means for interest rates in 2024.

Reach out to us at www.australianpropertytalk.com.au