Australia’s housing downturn has wiped A$185 billion ($128 billion) off the value of the nation’s top two markets so far this quarter, a result that’s likely to weigh on the wealth effect that underpins consumer spending across the economy.
Australia’s housing downturn has wiped A$185 billion ($128 billion) off the value of the nation’s top two markets so far this quarter, a result that’s likely to weigh on the wealth effect that underpins consumer spending across the economy.
<iframe src="https://statesidedaily.com/embed/cluster/eb5a3dab382a2d4ed272410c41cf96e0150b03ef" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Australia’s Housing Slump Wipes $128 Billion Off Top Two Markets"></iframe>
