https://www.rba.gov.au/speeches/2021/sp-gov-2021-12-16.html  10/16  12/16/21, 10:38 AM  The RBA and the Australian Economy | Speeches | RBA  Graph 10  Housing Prices Seasonally adjusted, January 2020 = 100 index  index  120  120 Wagga Wagga  110  110  100  100 Capital cities  90  90  80  2015  2016  2017  2018  2019  2020  2021  80  Sources: CoreLogic; RBA  Another recent feature of many regional housing markets is a decline in the availability of rental accommodation.
While your interest in China is understandable, I think you will concur that it is also difficult to isolate this from other developments in the global market. In any case – let me try to zero in on two things about China – its growth prospects and the recent devaluation of the Yuan. Chinese growth: First, growth.