Unemployment is one of so many factors affect the housing market. Last February, unemployment rate drops because of the male employment in labor participation. Unemployment rose in different states and it’s given as the divergent economic performance.

According to the ABS, “For the third month in succession Australia jobs growth has underwhelmed, increasing by just 300 persons.” Australia’s jobless has dropped unexpectedly to 5.8%. Working population is increasing because it was driven by a rise in part-time employment. It is an important factor also for interest rates to accommodate economic growth. If the economic growth continues, it is sufficiently accommodate the employment growth.

http://www.businessinsider.com.au/australia-february-jobs-report-unemployment-rate-2016-3


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Based on the meeting last February 02, 2016, Reserve Bank of Australia Board decided to leave the cash rate unchanged at 2.0%.

According to the Board, “there were reasonable prospects for continued growth in the economy with inflation close to target. And it decided that the current setting of monetary policy remained appropriate.

For this year, interest rate unchanged by 2.0%. It forecasted also to remain unchanged till next month. Official cash rate affects and influences in health of the economy. Unemployment, house prices and consider confidence influences the cash rates. Will this result helps property market to recover.

http://www.rba.gov.au/media-releases/2016/mr-16-01.html


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