"Economics is the only field in which two people can share a Nobel Prize for saying opposing things." - Old economics joke. (Specifically, the socialist Gunnar Myrdahl and the libertarian Friedrich Hayek shared one.)
What will happen to Australian house prices in 2012?
Goal Statistics: Economic Growth
The following statistics were collected from the Reserve Bank of Australia website. It is important to note that there is no specific goal for the rate of economic growth in Australia; the most important thing is that economic growth is sustainable. This suggests that it must be high enough to generate increases in living standards and job creation, but not so high that it will lead to inflation or an expansion of the current account deficit. Recent statements by the RBA suggest that a figure between 2% and 3% is achievable.