Australia Briefing: Housing Markets Diverge

Hi all, it’s Jackie here in Sydney, where an “unlivable shack” can fetch over A$1 million. We explore how Australia’s housing market is heating up while New Zealand’s is stalling. But first...

Today’s must-reads:
• RBNZ set to hike, may hint at further tightening
• India’s Modi visits after PNG stop
• Latest on US debt-limit talks

House prices in Australia and New Zealand have parted ways — values in Australia continue to rise, while they’ve been falling for 16 months across the Tasman. The RBA and RBNZ are driving the chasm, providing a stark illustration of the impact of monetary policy on housing markets.