“With the heat gone from the housing market, and with wages, unemployment and inflation steady, there’s little impetus for the RBA to tinker with interest rates in the near term.”
Ms Pilkington said property prices are likely to remain stable due to robust demand, though the number of foreign buyers may ease.
“The supply cycle in many markets has peaked, so we see 2018 as a steady year categorised by absorption, with those projects that are underway and recently completed best positioned to absorb prevailing domestic demand,” she said.
The RBA will next meet on Tuesday, 6 February 2018.
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