Heading to boom times
The latest data from the Commonwealth Bank Household Spending Intentions (HSI) series released today shows the sharp increase in home buying intentions is continuing. After a measly two-year downturn, homebuyers now appear to be back in a big way. The proportion of Australians planning on purchasing a house is all-time highs, propelled on by three rate cuts according to the latest Commonwealth Bank research.
Beyond housing, the overall picture is one of a gentle upturn in consumer spending intentions. CBA’s Chief Economist Michael Blythe said the sharp upswing in home buying intentions continues and intentions are now approaching the record highs...
View article »