The stagnation in house prices in Australia in recent months is a big deal as it means housing won’t support the economy by as much as in recent years. The plunge in the number of home sales will continue to restrain spending on items like fridges and furniture. And the weaker price trend will contribute to a sustained period of unusually soft retail sales.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services