In recent times, a moderation has been seen with regards to Australian property prices, an expert suggests.
Meanwhile, the rate of unemployment in the country has also been running beneath a level of five per cent, the University of Melbourne's Dr Edda Claus remarked.
According to the commentator, these two factors make the results of the latest Melbourne Institute Household Saving and Investment Report, which relates to this month, somewhat surprising.
Discussing the findings of the research, she stated: "The household financial conditions index plummeted 24.3 per cent in June to 25.2, its lowest level since the start of the survey in March 2001."
When it comes to Australian property, the Real Estate Institute of Australia president, David Airey, recently suggested that a slight slowdown is being seen with regards to the country's housing sector.
He was commenting after the publication of his organisation's latest Real Estate Market Facts research.
Posted by Steve Douglas
Meanwhile, the rate of unemployment in the country has also been running beneath a level of five per cent, the University of Melbourne's Dr Edda Claus remarked.
According to the commentator, these two factors make the results of the latest Melbourne Institute Household Saving and Investment Report, which relates to this month, somewhat surprising.
Discussing the findings of the research, she stated: "The household financial conditions index plummeted 24.3 per cent in June to 25.2, its lowest level since the start of the survey in March 2001."
When it comes to Australian property, the Real Estate Institute of Australia president, David Airey, recently suggested that a slight slowdown is being seen with regards to the country's housing sector.
He was commenting after the publication of his organisation's latest Real Estate Market Facts research.
Posted by Steve Douglas
