With wage growth stagnant, unemployment unlikely to fall, and the economic cost of bushfires and drought to soar well into the billions, Australia's economy could be treading water, rather than roaring into recovery in 2020.
With the RBA slated to cut interest rates in February, a few lenders appear to have gotten ahead of the curve, with Aussie making sweeping cuts across many of its home loan products this week while Newcastle Permanent and BCU also moved rates on several products.
The Domain Rental Report for December 2019 has revealed rental statistics for the year, with Sydney demonstrating a large drop in values, followed by Darwin, while Hobart and Perth had the biggest jump in prices.
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