Housing Market Woes Likely To Affect Near-Term Domestic Demand

There are growing bearish signs for slowing domestic demand in Australia on the back of a property price correction. In the near future, we believe a lot of Australians could see wealth eroded by the decline in home prices, forcing a lot of them to tighten their belts. Bearish-looking consumer confidence and slowing retail sales growth all point towards an increasingly more challenging domestic demand picture over the coming quarters.

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