Blog post by Ben Kingsley

RBA Cash Rate June 2023: RBA’s Tough Call, Wage Growth vs. Productivity Battle & What’s Driving Property Values

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. From navigating loan default aversion to the RBA’s interest rate dilemma, the Aussie economy’s wage growth vs productivity battle, mortgage prison insights, cash flow management tips, and unexpected property price surges.

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

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

👉 The US avoids a loan default

👉 The RBA’s tough call on interest rates

👉 Taking a deeper dive into the Aussie economy looking at:

Wages growth vs productivity is the new battle growth for inflation
Some news for anyone stuck in Mortgage Prison as well as some important cash flow management tips to navigate through changing money landscape

👉 Latest property update where Ben shares his views on why property prices are growing, and why they are growing even faster than expected!

Tune in now!!

Other Stuff Mentioned:

Check out this demo video for the Moorr MoneyStretch: https://youtu.be/ol0vocKqcr0

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 – What I am covering today

World Economic Update:

0:55 – United States Update

1:08 – United States: Debt Ceiling
4:10 – United States: Inflation

6:00 – United States: Interest Rates
6:50 – United States: Employment
7:50 – United States: Consumer Sentiment

8:25 – United States: Business Data
9:50 – China: Not focusing on China this month as not much has changed month on month
10:15 – Europe: Inflation

11:25 – Europe: Interest Rates
12:20 – Europe: Employment

Australian Economy Segment

13:30 – The Cash Rate Announcement!

17:45 – Mortgage Stress

25:50 – Ben’s Message

26:50 – Inflation

31:10 – Labor Force Data

37:25 – Wage Price Index Data

39:40 – Employment Data

43:00 – Consumer Sentiment

45:10 – Retail Sales / Consumer Spending

47:00 – Business Confidence & Conditions

Australian Property Market Update

51:15 – Property Data: Lending
52:58 – Building Approvals
56:51 – CoreLogic’s Home Value Index – May 2023

58:15 – What’s Driving Property Prices?
1:08:40 – Overall Property Outlook

Categories: Mortgage Broking

Tags: Australian economy, Australian property market, Ben Kingsley, Cash Rate, cost of money, Current Interest Rates, Home Loan, Inflation, Interest Rate, Interest Rate Announcement, mortgage broking, property investing, Property Market, property prices, RBA, rba cash rate, RBA Rate, Reserve Bank of Australia (RBA)