The Reserve Bank Board Meeting

The Reserve Bank Board meets tomorrow morning and then at 2.30, the announcement is made. The housing market seems to have found a new life really with another good weekend for auction clearances. Overall volumes are up 20% across the capital cities, but they're still down 36% from a year ago. Tim Lawlors from CoreLogic has quoted this morning saying the clearance rate reflects the shifting housing market across the country. We're selling conditions strong amid low supply, economists love inflection points,. That's when the economy changes from one to the other.