The Call
Another strong data point today with private new house sales reportedly leaping 90 per cent in March (though admittedly I didn't understand this story...were monthly sales up 90 per cent? Or lower than the previous highs? Not sure...).
With the HomeBuilder stimulus to be extended for 12 months it's clear that the supply response in the hot detached house market will be by far the biggest on record, reconfirming the lack of need to tinker with lending rules (again).
The looming election in 2022 will also soon hove into view as another factor to cool investor demand.
I discussed this and more on ausbiz TV's The Call show with Annette Beacher from 16 minutes in...tune in here (or click on the image below):
