Business
Homes top shopping list as Australia plans spending splurge – The Australian Financial Review
Australia’s post-pandemic rebound continues to accelerate thanks to low interest rates and economic growth leading to record levels of home buyer desire.
This strong economic growth is expected to see the unemployment rate decline to 5.0 per cent by yearend 2021 (from 5.6 per cent in March) and then to 4.7 per cent by yearend 2022.
The HSI showed home spending intentions grew during March to a new serieshigh based on more home loan applications and higher levels of Google searches.
Housing support
We continue to expect the home buying market to be a key source of support for the Australian economy in 2021, driven largely by the very low level of…
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