RBA Watch

RBA’s next move will be down, but not until H2 2027

We expect the RBA to leave rates on hold at its August meeting. Although the Bank is likely to continue talking tough on inflation for a while, we don’t think it will go so far as to raise rates again...

4th August 2026 · 8 mins read

Australia & New Zealand Chart Pack

ANZ Chart Pack (August 2026)

Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. Data released over the past month showed that Australia's labour market, housing market, and...

3rd August 2026 · 1 min read

Australia & New Zealand Economics Update

Housing downturn will prevent further rate hikes

Australian house prices kept falling at a rapid pace in July. With affordability still very stretched and leading indicators flashing red, the downturn has much further to run.

3rd August 2026 · 3 mins read

UK Housing Market Rapid Response

UK Nationwide House Prices (Jul. 2026)

The small 0.1% m/m rise in the Nationwide measure of house prices in July shows that higher mortgage rates since the start of the Iran war continued to constrain house price growth. And with the...

31st July 2026 · 2 mins read

Australia & New Zealand Economics Weekly

RBA is done hiking rates

Underlying inflation in Q2 didn’t pick up nearly as much as the RBA had expected. Although the path to disinflation is likely to be bumpy, we think the Bank will judge policy sufficiently restrictive...

31st July 2026 · 5 mins read

UK Commercial Property Update

RICS survey implies risk of UK commercial property capital value falls is declining

The Q2 RICS survey showed little change from the previous quarter, although a rise in capital value expectations suggests the impact of the Iran war on yields is now projected to be smaller. Overall...

30th July 2026 · 3 mins read

US Commercial Property Office Metros Outlook

NOI growth to be key driver of winning and losing office markets

The Southern metros are set to dominate the fastest-growing markets in terms of occupancy and rent growth with Miami, Dallas and Houston the top three markets in our rankings of NOI growth over 2026...

30th July 2026 · 6 mins read

UK Housing Market Update

Reintroducing Help to Buy wouldn’t solve housing’s problem

While a new Help to Buy scheme would stimulate homebuilding in the near term, it’s not a sustainable solution to low housing supply. The government would be better off easing some of the structural...

29th July 2026 · 3 mins read

UK Economics Rapid Response

UK Money & Lending (Jun. 2026)

June’s money and lending figures show that the near-term outlook for the housing market remains weak, households may be funding some of the decent spending in June by lowering their saving rate, and...

29th July 2026 · 3 mins read

UK Commercial Property Rapid Response

Lending to UK commercial property (June 26)

Net lending to commercial property totalled just £47mn in June, the lowest outturn since March 2024 and consistent with the slowdown in investment activity in Q2 on the back of uncertainty caused by...

29th July 2026 · 1 min read

US Housing Market Rapid Response

US Case-Shiller/FHFA House Prices (May 2026)

Although house prices regained some momentum in May the recent rebound in mortgage rates to around 6.8% will further weigh on affordability, suggesting this won’t be sustained.

28th July 2026 · 2 mins read

US Commercial Property Update

NCREIF Q2 2026: Returns rangebound for sixth quarter

Q2’s total return of 1.3% was dominated by the income component, with cap rates and capital values broadly steady. Meanwhile, aside from senior housing, where quarterly returns hit 3.9% in Q2, sector...

27th July 2026 · 3 mins read

UK Commercial Property Chart Pack

UK Commercial Property Chart Pack (Jul. 26)

Higher risk-free interest rates and uncertainty from the war in Iran have led banks to tighten the availability of lending to commercial real estate. But property equities pricing has recovered from...

22nd July 2026 · 1 min read

Canada Chart Pack

Canada Chart Pack (Jul. 2026)

The outlook hinges on the outcome of CUSMA negotiations, with the Trump administration’s latest 50% tariff announcement underscoring the risks. For now, we still think an agreement will be reached at...

21st July 2026 · 1 min read

Global Commercial Property Update

Housing wealth underpins demand for active adult communities

Demographics are less favourable for active adult communities than care homes. However, high net housing wealth among older households will support demand, especially in markets with more older people...

21st July 2026 · 4 mins read