Business
Property demand swamps supply, drives up prices – The Australian Financial Review
Home buyer demand is swamping supply, leading to predictions that the stock shortage will continue, underpinning continued strong national price rises.
He said growing unemployment, government intervention or higher interest rates loomed as potential circuit breakers.
The big test is to come when JobKeeper ends at the end of this month.
According to the Australian Taxation Office, more than 1.5 million Australians accessed the JobKeeper wage subsidy payments between October and December last year.
If there is no evidence of a material fall in clearance rates over April, then nothing is going to stop the market until the day APRA steps in to regulate…
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