Business
Economy roars back from recession as house values and job ads lift – Sydney Morning Herald
The Australian economy is roaring out of the recession as house values hit all-time highs and job ads return to their pre-virus levels.
In Melbourne, house values lifted by 0.6 per cent while unit values were up by 0.1 per cent. Over the past 12 months, house values in the southern capital are still 2.8 per cent lower while units are down by 0.6 per cent.
The ANZs measure of job advertisements showed further growth, lifting by 2.3 per cent in January for the eighth consecutive monthly increase. Ads are now 5.3 per cent above their pre-pandemic level.
Prime Minister Scott Morrison, in an address to the National Press Club, noted…
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