Don’t Think Australia House Prices Have Finished Falling, Says EY’s Masters

The video discusses the strong consensus for a rate cut by the Reserve Bank of Australia (RBA), driven by economic data and RBA communication. It highlights the weakening global and domestic environments, rising unemployment, and decelerating inflation. The housing market shows signs of stabilization, but challenges like high consumer debt and low wage growth persist. The video also explores the impact of global trade tensions, particularly between the US and China, on Australia's economy.

What is one of the main reasons the RBA is considering a rate cut?

• To stabilize the housing market

• To increase inflation

• To avoid financial market volatility

• To decrease unemployment

Which recent event has contributed to the stabilization signs in the housing market?

• The global trade war

• The outcome of the federal election

• The rise in unemployment

• The increase in inflation

What is a significant challenge consumers are facing despite housing market stabilization?

• Decreasing debt levels

• Anemic wage growth

• Increasing house prices

• High savings rates

Why is Australia's position in global trade tensions particularly complex?

• It relies heavily on imports from Europe

• It has no strategic alliances

• It has a strategic alliance with the US and a major trade relationship with China

• It is a closed economy

What percentage of Australia's exports go to China?

• 40%

• 30%

• 20%

• 10%