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…
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