After the Reserve Bank of Australia (RBA) highlighted the recent strength in the housing market at its monetary policy meeting on Tuesday, the country’s Treasury Secretary Josh Frydenberg has offered optimistic comments on the real estate market.
Frydenberg has said that he believes as value and price increase, people have more faith in the economy and confidence to spend.
RBA Governor Phillip Lowe said Tuesday that “the housing market has strengthened even further, with prices rising in most jurisdictions, while growth in homeowners credit -occupants has recovered, with strong demand from early buyers. “
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