Australian Asset Heat Map: Records in Gold, Equities and Housing Sentiment

Australia is running hot across three fronts at once. Gold is at a record. The ASX 200 is hovering near record territory. And the Westpac-Melbourne Institute House Price Expectations Index has leapt to 172, a 15-year high, up 12.2% on the year and 34% above its long-run average of 129. Rate-cut hopes, targeted supported for first-home buyers and a tight supply pipeline have created a powerful expectations loop. It can keep risk assets supported - until those expectations shift.

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