{"id":20351,"date":"2018-02-14T11:05:57","date_gmt":"2018-02-14T00:05:57","guid":{"rendered":"https:\/\/www.realestatetalk.com.au\/?p=20351"},"modified":"2018-02-14T11:05:57","modified_gmt":"2018-02-14T00:05:57","slug":"reserve-bank-mired-in-uncertainty-as-rents-rise","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/reserve-bank-mired-in-uncertainty-as-rents-rise\/","title":{"rendered":"Reserve Bank mired in uncertainty as rents rise"},"content":{"rendered":"<p>The Reserve Bank now admits that incomes growth in Australia may remain stubbornly stagnant for longer than expected despite recent robust jobs growth and lower unemployment rates.<br \/>\nThis really should be no surprise to an increasingly mystified Bank as this conundrum has been challenging other similar developed economies for some time.<br \/>\nFull employment and competition for labour is failing to ignite wages growth as in previous cycles and the reluctant acknowledgement of this by policymakers reflects the shortfalls of near-sighted, rear-vision mirror economic policy determinations. Things change \u2013 even economics.<br \/>\nBut it is however refreshing to have the Bank focussing on the main macro-economic game and not the recent obsession with perceived risky imbalances in housing markets \u2013 which has predictably turned out to be a fairy tale.<br \/>\nConcerns over low consumption by the Bank should also be no surprise with the recent experiment with macro-prudential policies through ARPA having again curtailed residential investor activity.<br \/>\nFewer rental properties will continue to keep upward pressure on already high rents as confirmed recently by the ABS \u2013 more bad news for income-skinny household budgets. And current record migration into Melbourne and Sydney will also place rental property demand at record levels.<br \/>\n<strong>Dr Andrew Wilson<\/strong> \u2013 My Housing Market<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank now admits that incomes growth in Australia may remain stubbornly stagnant for longer than expected despite recent robust jobs growth and lower unemployment rates. This really should be no surprise to an increasingly mystified Bank as this conundrum has been challenging other&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":20354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[8,10,11,13,25],"tags":[49],"class_list":["post-20351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dr-andrew-wilson","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-sponsored-channels","tag-blogs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reserve Bank mired in uncertainty as rents rise - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/reserve-bank-mired-in-uncertainty-as-rents-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reserve Bank mired in uncertainty as rents rise - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank now admits that incomes growth in Australia may remain stubbornly stagnant for longer than expected despite recent robust jobs growth and lower unemployment rates. This really should be no surprise to an increasingly mystified Bank as this conundrum has been challenging other...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/reserve-bank-mired-in-uncertainty-as-rents-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-14T00:05:57+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/reserve-bank-mired-in-uncertainty-as-rents-rise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/reserve-bank-mired-in-uncertainty-as-rents-rise\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Reserve Bank mired in uncertainty as rents rise\",\"datePublished\":\"2018-02-14T00:05:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/reserve-bank-mired-in-uncertainty-as-rents-rise\\\/\"},\"wordCount\":210,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/reserve-bank-mired-in-uncertainty-as-rents-rise\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"blogs\"],\"articleSection\":[\"Dr Andrew Wilson\",\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Sponsored Channels\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/reserve-bank-mired-in-uncertainty-as-rents-rise\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/reserve-bank-mired-in-uncertainty-as-rents-rise\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/reserve-bank-mired-in-uncertainty-as-rents-rise\\\/\",\"name\":\"Reserve Bank mired in uncertainty as rents rise - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/reserve-bank-mired-in-uncertainty-as-rents-rise\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/reserve-bank-mired-in-uncertainty-as-rents-rise\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2018-02-14T00:05:57+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/reserve-bank-mired-in-uncertainty-as-rents-rise\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/reserve-bank-mired-in-uncertainty-as-rents-rise\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/reserve-bank-mired-in-uncertainty-as-rents-rise\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/reserve-bank-mired-in-uncertainty-as-rents-rise\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Reserve Bank mired in uncertainty as rents rise\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. 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