OECD Report – Australia

The OECD has released its Economic Overview for Australia for 2014.

The OECD report suggests Australia’s material living standards and well-being compare well internationally, reflecting a well-managed and successful economy. The economy is slowing as the prolonged mining boom recedes. Output growth of about 3% is expected for 2014 and 2.5% in 2015. [Editor’s note – Growth of 2.5% is seen by many observers as ’optimistic’ in light of the ”MYEFO” report published after this OECD report. ]

Of interest is the House Markets chart. Look closely.