Talk of double rate cut highlights impact on property from chaotic share markets
Property markets are not immune from the market chaos generated by Trump's discombobulated economic policymaking, with banks now predicting a double rate cut in May and investors seeking shelter in property.
Seeking a safe haven in times of turbulence can lead to some property market segments experiencing a boost. (Image source: Shutterstock.com)
These are, indeed, turbulent times.
The chaos unleashed by Donald Trump’s tariff introduction and then, in the early hours of Thursday morning (AEST, 10 April), an embarrassing backflip has sent share markets on a rollercoaster ride of falls and, at this stage partial, recoveries.
The Reserve Bank of Australia (RBA) at its last meeting on 1 April was hosing down assumptions it would cut rates
in May and insisting it was in a wait-and-see mode. …
