Australian Housing Dynamics and Affordability

ECONOMICS AUSTRALIA FORECAST TABLE1 2016 2017 2018 2019F 2020F - Australia annual % growth GDP 2.8 2.4 2.8 1.9 2.8 Domestic final demand (% q/q) 1.8 3.0 2.8 1.0 1.7 Headline CPI (% y/y) 1.3 1.9 1.9 1.4 1.7 Core CPI (%y/y) Employment (%y/y) 1.5 1.8 1.9 1.4 1.7 1.0 3.3 2.3 2.0 1.9 Wage Price Index (%y/y) 2.0 2.0 2.2 2.3 2.3 Unemployment (ann. avg) 5.7 5.5 5.0 5.2 5.0 Current Account (% of GDP) -3.3 -2.6 -2.1 0.6 -0.1 Terms of Trade 0.4 12.1 2.0 5.6 -4.9 RBA cash rate (% year end) 1.50 1.50 1.50 0.75 0.25 3yr bond yield (% year end) 1.83 1.75 2.06 0.75 0.75 10 year bond yield (% year end) 2.31 2.64 2.64 1.00 1.25 AUD/USD (year-end value) 0.74 0.77 0.74 0.65 0.70 1. Based on 24th Sep 2019 forecast ANZ 111

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