Business
Resilient housing market ‘helpful’ for COVID-19 economic recovery: RBA – Sydney Morning Herald
Surging property values across the nation are being closely watched by Reserve Bank of Australia governor Philip Lowe.
Surging property values across the nation are being closely watched by Reserve Bank of Australia governor Philip Lowe but he says the coronavirus pandemics effects on the economy would have been more difficult to grapple with if home prices had fallen.
Dr Lowe told a standing committee on economics hearing on Friday morning that there are many moving parts … at present making the economic outlook complex. Home prices are rising across the majority of the country but Dr Lowe said the national housing…
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