Home >  Blog >  Reserve Bank: Go Forth and Save

Reserve Bank: Go Forth and Save

Posted by medicalfinancial on 2 October 2012

Below is an interesting article from RP Data taken from the Reserve Bank’s bi-annual ‘Financial Stability Review’ which highlights the extent that Austrlian households are now saving, currently 9.5% of their dispoisble income:

http://blog.rpdata.com/2012/09/reserve-bank-go-forth-and-save/

It goes on to talk about the RBA's prediction for house price growth:

“While prices nationally have stopped falling in recent months, any future recovery is unlikely to produce housing price growth much faster than income growth, as was seen through much of the 1990s and 2000s, because that earlier period was one of adjustment to the structural decrease in nominal interest rates and liberalisation of the banking system.” 

RP Data sum up:

The RBA is very much satisfied with the level of household savings and is openly encouraging households to continue their prudent behaviour.  That’s not great news for the retail sector or housing market, as greater savings implies less spending.

Author: medicalfinancial
Tags: Website News Wealth Creation

Post comment

Latest News

View all news

When self-help is not a one-person job

Posted by Sean O'Kane & Neal Durling on 22 February 2019
There are times in life when you're better off not putting your head above the p...

Kicking goals | The important step you're missing to achieve financial freedom

Posted by Neal Durling on 18 September 2018
Getting on top of your finances and working to build your personal wealth is an impo...

Money management 101

Posted by Sean O'Kane on 16 August 2018
When it comes to keeping on top of your personal finances, it can be easy to overthi...
< Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next >

SIGN UP

For Events and News