• September 29, 2021

Mini-market 2020: Housing market is on the rise with interest rates set to fall

Share this article Share The Australian Bureau of Statistics said housing prices increased 2.5 per cent last month, compared with 2.1 per cent in March and 2.0 per cent a year ago.

However, this was less than the average of 4.1 to 5.2 per cent increase seen across the Australian economy.

“Housing markets continue to be a source of uncertainty for Australians,” the ABS said.

“The ABS has recently revised the outlook for Australian housing, and is forecasting a 2.4 per cent growth in house prices over the next year, the lowest growth seen since May 2016.”

This is partly due to strong demand from overseas, which is expected to continue to build over the coming years.

The ABS said there were 1.2 million fewer homes in the country in March than in March last year.

“This reflects a stronger than expected increase in demand for housing in Australia, as new construction in Australia is underpinned by overseas investment,” the report said.

Key points: The ABS predicts prices will fall by 5 per cent this year due to the impact of the mortgage rate drop and the Reserve Bank’s rate cut, and will fall again in 2020, if interest rates remain at current levels (ABC News) The Australian economy contracted by 0.7 per cent from April to May and by 2.3 per cent for the whole of 2020.

It was the first decline in the quarterly growth rate since the third quarter of 2019.

The growth rate was down from the 2.7 percent growth seen in the previous three months.

The Reserve Bank cut interest rates to record lows in April and May, which led to a boom in house construction.

It is hoped the impact will help keep prices down for many people, and provide a boost to the economy.

“The current housing market outlook is challenging for many Australians, with the Australian Bureau on average forecasting an 8.5-per-cent decline in house price growth in 2020 compared with the current trend of 7.8 per cent,” the survey said.

The survey found a sharp increase in the number of people who said they were living in temporary accommodation, with 2 per cent of people saying they were in temporary housing in the month of May.

It said that was a rise of 5.5 percentage points on the previous quarter.

The average temporary accommodation is one person and a family of three.

More to come.

Topics:housing-industry,housing,business-economics-and-finance,consumer-fraud,financial-markets,government-and_politics,australiaFirst posted May 05, 2020 14:53:21Contact Greg McNeilMore stories from New South Wales

후원 혜택

【우리카지노】바카라사이트 100% 검증 카지노사이트 - 승리카지노.【우리카지노】카지노사이트 추천 순위 사이트만 야심차게 모아 놓았습니다. 2021년 가장 인기있는 카지노사이트, 바카라 사이트, 룰렛, 슬롯, 블랙잭 등을 세심하게 검토하여 100% 검증된 안전한 온라인 카지노 사이트를 추천 해드리고 있습니다.우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.Best Online Casino » Play Online Blackjack, Free Slots, Roulette : Boe Casino.You can play the favorite 21 Casino,1xBet,7Bit Casino and Trada Casino for online casino game here, win real money! When you start playing with boecasino today, online casino games get trading and offers. Visit our website for more information and how to get different cash awards through our online casino platform.한국 NO.1 온라인카지노 사이트 추천 - 최고카지노.바카라사이트,카지노사이트,우리카지노,메리트카지노,샌즈카지노,솔레어카지노,파라오카지노,예스카지노,코인카지노,007카지노,퍼스트카지노,더나인카지노,바마카지노,포유카지노 및 에비앙카지노은 최고카지노 에서 권장합니다.바카라 사이트【 우리카지노가입쿠폰 】- 슈터카지노.슈터카지노 에 오신 것을 환영합니다. 100% 안전 검증 온라인 카지노 사이트를 사용하는 것이좋습니다. 우리추천,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,샌즈카지노(예스카지노),바카라,포커,슬롯머신,블랙잭, 등 설명서.