Recent market forecasts indicate that the Reserve Bank of Australia will cut interest rates this year.
· Next rate move 'almost certainly' a cut, says Glenn Stevens - RBA Governor
· 100% probability of a cash rate cut to 1.75 per cent in June
In addition, the weakened Australian dollar against RMB lead to increased Chinese consumer demand for Australian products/services. Therefore education, tourism and property investment within Sydney, will continue to thrive under current economic conditions.
Particularly, China’s revamped 'Qualified Domestic Individual Investors Program' known as (QDII2). This program could boost property investment Australia-wide, through a sprout in investor activity.
Source: Australian Financial Review