RBA Cash Rate August 2023 & Australian Housing Market Update

Another month down and yet another close call by the RBA! Welcome back to Ben’s RBA and Economic Update.

Join Ben as he unpacks the RBA’s latest decision. He delves into the impact of rising interest rates in the US and the intricacies of the woes happening in the home-building landscape.

Additionally, he provides in-depth insights into the latest property market updates, offering a comprehensive view of the evolving industry. 

In today’s RBA release, here are our key themes for this month’s economic update:

👉 Interest Rates went up in the US again – Ben unpacks why

👉 There are more problems brewing in the home-building space – which could be an opportunity for some

👉 And then hang around to hear Ben’s property update section, as he added a little bonus mid-year property outlook update for you

Tune in to stay updated on the latest market developments and gain valuable insights for making informed financial decisions.

Quick tip! If you’re keen to forecast your cashflows through this period, use the handy MoneySTRETCH feature on our free money management platform, Moorr. Click here to sign up or log in. 

And here are all the time stamps!

00:00 – The latest RBA Announcement

World Economic Update Segment: 

0:55 – United States Update 

1:22 – United States: GDP Results  

3:38 – United States: Interest Rates 
4:15 – United States: Inflation  
7:20 – United States: Employment 
8:15 – United States: Consumer Sentiment 

8:55 – United States: Business Data  
10:15 – China: GDP Results  

13:05 – China: Employment 
14:22 – Europe: GDP Results  

15:10 – Europe: Inflation 

15:50 – Europe: Interest Rates 
16:35 – Europe: Employment 

Australian Economy Segment 

17:25 – The Cash Rate Announcement! 

22:10 – Inflation Story 

24:50 – Labor Force Data 

26:00 – Consumer Sentiment 

29:35 – Business Data 
 

Australian Property Market Update 

32:30 – The Property Story  

34:12 – Challenges in the Residential Sector 
38:35 – CoreLogic’s Home Value Index: August 2023 

44:15 – Ben’s Australian Property Market Update (watch the full video here)