In an interview with CNBC, SQM Research’s managing director, Louis Christopher, claims that Australia’s authorities are hoping the rise in Australian dwelling values will feed through to greater confidence in the economy.
However, Christopher has “serious questions” about that view because the housing recovery is not creating more jobs. Instead, unemployment is set to rise, driven largely by the crash in dwelling approvals.
There are 614 words left in this subscriber-only article.
YOU MAY ALSO BE INTERESTED IN
Black Friday drives retail sales to the moon
The ABS has released retail sales figures for the
It's time to dump the GDP obsession
Ross Gittins has joined the growing band of
Tourism industry king hit by bushfires
Australia's tourism industry is Australia's fifth
Retail recession drives torrent of store closures
The retail recession afflicting Australia has