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Rising jobs and house loans place these ASX shares in focus – Motley Fool Australia
ASX shares appear set to benefit from rises in housing prices and rapid growth in job numbers as the economy recovers from Covid-19.
A swell in new housing loans, combined with rising house prices, point to building momentum in the economic recovery. Accordingly, several ASX shares with exposure to residential housing have already shown signs of increased sales volumes. Moreover, investors will be waiting to see if this will be further fueled by the actions of the Reserve Bank of Australia today.
Australia and New Zealand Banking Group Ltd(ASX: ANZ) chief economist, Paul Bloxham said.
We’ve got very low levels of COVID-19 and…
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