Business
Surging property prices boost household wealth, which grows at highest rate in 11 years – NEWS.com.au
Surging property prices boost household wealth, which grows at highest rate in 11 years
Total household wealth jumped 4.3 per cent in the final three months of last year the highest quarterly growth rate in 11 years, Australian Bureau of Statistics data shows.Residential assets contributed 2.2 percentage points, followed by superannuation balances and directly held shares at 1.4 and 0.5 percentage points respectively.
“The December quarter growth in household wealth was driven by rising residential property prices, reflecting record low interest rates, support through government programs…
-
General24 hours agoByford rail extension opening marks final stage of Perth Metronet
-
General16 hours agoAustralia’s Diamonds defeat South Africa’s Proteas 65-42 in third netball Test
-
Noosa News21 hours agoSerious traffic crash, Noosa – Sunshine Coast
-
General17 hours agoThousands join pro-Palestinian rallies in towns and cities across Australia amid ceasefire