Towards the future of the Australian, Asian and global economies: latest updates on domestic, international and industrial trends from NAB Group Economics.
The NAB Cashless Retail Sales Index gained 1.1% in August on a month-on-month basis, following a gain of 0.7% (revised) in July.
Nationwide dwelling prices have fallen 4% since their peak in November 2017. How much further will prices decline? As you’d expect there is no simple answer.
The last month of winter saw the housing market correction deepen, with dwelling values falling across five of Australia’s eight capital cities. CoreLogic’s national index was down three tenths of a percent over the month taking the cumulative decline since values peaked in September last year to 2.2%.
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