Australia home prices, job ads surge as recovery blitzes expectations

  • 📰 Reuters
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Australian home prices raced at the fastest clip in almost two decades in February and job advertisements skyrocketed, data showed on Monday, as the economy rapidly emerged from its once-in-a-generation recession.

FILE PHOTO: New homes line a street in the Sydney suburb of Moorebank in Australia, May 26, 2017. REUTERS/Jason Reed

It has also promised to keep policy at the current accommodative levels until inflation is within its 2-3% target band, a goal that has remained elusive for years. The move comes just a day ahead of its monthly board meeting where it is likely to leave rates at 0.1%, though its post-meeting statement would be closely scrutinised for any commentary on soaring home prices, rising bond yields and an appreciating currency.

“We would expect the RBA tomorrow to add a firmer commitment in its post board meeting statement noting that it ‘will act to ensure its YCC target is met’ and ‘key borrowing rates stay low’.”Australia’s early success in curbing the coronavirus pandemic and reopening its economy together with government incentives and record low mortgage rates are driving up home prices, consumer spending, business confidence and jobs growth.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sure would be nice to be Australian instead of American.

really ? all my melbourne cbd apartments are below purchase price

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her lisaMakT Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

Why was Trump banned?

Wow i can't thank you enough for this interest i still can't believe it i invested and got my 100% interest, am surely going to recommend you to everyone markdonaldAmeli

We couldn’t have done it without your expert services Trusted_trad I am very appreciative of your effort, and i look forward to continuing to work together...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.