Business
‘Good time for first-home buyers’ RBA boss says, but jobless rate to stay high – Sydney Morning Herald
Philip Lowe says it’s a good time for first-home buyers to get a foot on the property ladder as the economy grapples with the impact of the coronavirus pandemic….
He said many home buyers “must agree” as demand is strong, but he did not expect to see prices overheating. “We will see pockets that are very strong but across the country as a whole with population growth so low I’m not expecting to see big increases in housing prices.”
Dr Lowe said economic growth was likely to be “solidly positive” for the rest of the year, with 5 per cent improvement in 2021 and 4 per cent in 2022, but unemployment would remain stubbornly high over the same period.
The bank…
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