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

Making decisive decisions | Do you make decisions like a teenager?

Posted by Alex Menzie on 8 August 2019
A few weeks ago, I made the decision to buy a bike and ride to work off the back of ...

When the default is damaging | Is your life insurance policy set in stone?

Posted by Sean O'Kane on 18 June 2019
Trivial pursuit question what does guaranteed renewable insurance mean? Guarante...

Taxing times - why playing the long game is the key to surviving political uncertainty

Posted by Matt Connor on 22 May 2019
It's always an interesting time during election campaigns, when the country wait...
< Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next >

SIGN UP

For Events and News


The information on this site is of a general nature. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.

The financial planning services are provided by Medical Financial Pty Ltd trading as Medical Financial Planning (AFSL 506557)