Relationship of cash rate on housing prices, macroeconomics and the economic cycle

Australian interest rates are at their lowest in history. Analyse the relationship of the cash rate (as set by the RBA) with:
1. Domestic Housing Prices
2. The macroeconomy; and
3. Stability in the economic cycle.
Propose a federal policy approach (or set of approaches) that will balance national objectives of growth and long-term stability.

Internet references are okay as long as not wikipedia and similar. RBA and other government and economic journals are okay.

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