Matthew Hassan, Research Analyst at Westpac, points out that Australian consumer expectations for house prices have deteriorated significantly over the last three quarters. Key Quotes “The Westpac Melbourne Institute Consumer House Price Expectations Index has fallen 13.6% since April hitting 112.5 in July, a new low since early 2016 and well below the long run avg of 127.5.” “The weakness is over and above what is typically a downbeat time of year for housing market expectations – winter tends to see a significant cooling in price expectations – readings since 2009 suggesting this effect alone is worth about 3-4ppts on the national index.” “As at July, over half of all consumers now expect prices to be unchanged or lower over the next year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Review: Put demand drops as spot charts double bottom pattern FX Street 5 years Matthew Hassan, Research Analyst at Westpac, points out that Australian consumer expectations for house prices have deteriorated significantly over the last three quarters. Key Quotes "The Westpac Melbourne Institute Consumer House Price Expectations Index has fallen 13.6% since April hitting 112.5 in July, a new low since early 2016 and well below the long run avg of 127.5." "The weakness is over and above what is typically a downbeat time of year for housing market expectations - winter tends to see a significant cooling in price expectations - readings since 2009 suggesting this effect alone is worth about 3-4ppts on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
