Australia’s housing recovery mirroring that of other nations

Housing demand has gained momentum over recent months in Australia with prices and new construction picking up sharply. Activity has been particularly strong for houses and in regional markets. Australia’s recent experience has not been unique. 

What you will learn:

  • Over the past six months, new house approvals and prices have also lifted in the United States, Canada, and New Zealand, despite experiencing considerable variation in the severity of the pandemic and related restrictions. 
  • In each instance, very low interest rates, elevated household savings and shifts in preferences are fuelling the resurgence in housing investment.
  • Following an initial hit at the onset of the pandemic, housing demand has proved remarkably resilient since mid-2020.

Topics: Australia, Housing Market

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