Housing Emerges as Australia’s Biggest Economic Challenge

Housing emerges as Australia’s biggest economic challenge

Australia’s economic growth is expected to slow as lower house price growth weighs on consumer spending and broader economic activity, with CommBank economists saying housing is now expected to be a bigger drag on the economy than higher oil prices. Speaking on the latest episode of the CommBank View: Economics & Markets podcast, CommBank Head of Australian Economics Belinda Allen said the shape of Australia’s slowdown had changed over recent mo…

Australia's sudden housing chill seeps into economy

Housing emerges as Australia's biggest economic challenge

Australia’s economic growth is expected to slow as lower house price growth weighs on consumer spending and broader economic activity, with CommBank economists saying housing is now expected to be a bigger drag on the economy than higher oil prices. Speaking on the latest episode of the CommBank View: Economics & Markets podcast, CommBank Head of Australian Economics Belinda Allen said the shape of Australia’s slowdown had changed over recent mo…