Australia’s housing wealth effect is going to wane

Thursday 7 July 2016

The CBA’s Gareth Aird has written another ripper report examining Australia’s housing wealth effect.

Below are the key extracts.

The positive ‘wealth effect’ from rising dwelling prices has supported household consumption and employment growth in Australia over the past few years.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.