Published: September 12, 2018
Should we enter an economic downturn, the lack of household income growth will be a problem
After a solid five years of rising house prices, across the nation, especially in Sydney, the boom is over. It has left the nation very much in debt, and while the Reserve Bank is mostly not worried, should our economy’s run without a recession come to an end, we will enter an economic downturn with households and the economy more susceptible to collapsing house prices than ever before.
Related: Buyers wait for bargains as Australia's housing market hits long slide
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