Property Update: are low interest rates working?

I write for Property Update here on whether monetary policy is being effective.

Since I wrote this we've had weaker retail trade figures and a 4 year low in business confidence reported by the NAB survey - there's another interest rate cut in the pipeline.

In brighter news, US stocks are up for a fourth day in a row on earnings optimism, the Dow passing 15,300.

Read more »

NAB business survey points to rate cut

August interest rate cut looking very likely (57% chance priced in) as the NAB Business Survey shows confidence sinking to 2009 lows.

As is the new way of these things, the stock market interprets this, together with promising Chinese data, as a good sign, and the XJO jumped by 1.5%.

Source: ASX

Read more »