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 are the implications of the recent rise in the unemployment rate mentioned in the text?

Discuss the impact of global economic conditions on Australia's growth as highlighted in the text.