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August 18, 2021 |

PRD The Australian Economic and Property Report

If you missed our last week’s news here, PRD has launched the Australian economic and property report for 2021.

The Australian Economic and Property Report reported by PRD Research Hub is an in-depth report regarding the latest property market insights.

The following key findings were found in the report:

*There have been medium house price growth in the 12 months to the first half of 2021 for ¬†Australia’s capital city, metropolitan, and regional markets
* Consumer confidence is at an all-time high, increasing demand for goods and services across multiple industries, creating a multiplier effect for economic growth.
* Shortage in rental properties is urgently needed in the housing supply.
*32.6 billion housing finance commitment as of May 2021.
*Property price increase with an average decline of -5.5% in the 12 months to June 2021.

 

Get a full copy of the report here

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