Australia’s GDP, interest rates and their impact on property investors
When discussions around interest rates arise all eyes turn to inflation data, but there's another economic variable every property investor should be keeping tabs on.
Australia's economy is growing slower than had been forecast, with implications for interest rates. (Image source: Shutterstock.com)
When it comes to property investing, understanding the broader economic environment is just as important as picking the right suburb.
One key piece of economic data that savvy investors pay close attention to is gross domestic product (GDP).
Why? Because GDP gives us a snapshot of the overall health of the economy and, more importantly for property investors, helps signal the direction of interest rates.
GDP is like inflation, except it includes …
