Business
Rising house prices could derail post-COVID economic recovery – Sydney Morning Herald
Policymakers need to keep an eye on rising household debt levels, propelled by the latest property boom, which could end up hurting much-needed consumer spending….
They found this was pervasive across all home owning households, not just those who had financial constraints or were driven by a desire to save for precautionary reasons.
Households with high levels of debt on their balance sheets are less likely to splash their cash. This finding is worth attention as the fourth month of rapidly rising prices this year comes to a close. If we consider the economy as the nations engine then spending is the petrol that gets the pistons firing.
During the height…
-
Noosa News9 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
General15 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News16 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
Noosa News16 hours agoDetectives continue to search for answers on Crystal Beale’s death