Better than expected

Just out earlier today was the ABS’s take on residential sale volumes and median prices.

A data heavy post this week – with six charts and two tables – and for once not that many words.

I reckon you deserve a break.

My only comment is that according to the national statistician Australia’s housing market is holding up quite well despite the rise in interest rates and other household costs.

It was no surprise then that our central bank rose the official cash rate by 0.25% to 3.1% this afternoon.



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