Business
ASX gains as JB Hi-Fi profits surge on COVID pandemic online shopping spree – ABC News
Commonwealth Bank economists say record low mortgage rates and the jobs recovery will drive house prices higher. Meanwhile, Australian shares continue to push higher….
Economists at Australia’s biggest bank think the housing market is “on the cusp of a boom”, as record low mortgage rates collide with the recovery in the jobs market.
Key points:
- CBA forecasts house prices to rise 16pc and apartment prices to rise 9pc over two years.
- JB Hi-Fi shares have risen after its net profit climbed 86 per cent
- Nearmap has rejected a short-seller report that caused its shares to dive last week
Commonwealth Bank economists are forecasting an 8 per cent rise in national dwelling…
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