Just before the coronavirus derailed the economy, the Australian housing market was running red hot. Combining yesterday’s ABS new mortgage data for February with CoreLogic’s dwelling values index paints a picture of pure bullishness, with both series surging: Not surprisingly, the momentum was strongest in Sydney and Melbourne, although decent growth was also recorded in
The post Aussie housing was red hot before virus derailed it appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]