General
What does the latest employment data mean for the housing market?
Over the past two months, economic and housing market indicators have been fairly subdued. However, they have shown an improvement since April. A rise in sales over May saw a strong absorption of new listings, clearance rates have rebounded since the easing of restrictions, and consumer confidence has risen 33.0% since its trough in May.
However, comprehensive coverage of labour markets from the ABS highlights sobering headwinds for the property market. Job and income levels are likely to…
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