News Formal

RBA warns of housing investment slump | Sky News Australia

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 5 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 5%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

The building industry is putting pressure on the government to fast track infrastructure spending after the Reserve Bank suggested a lack of new housing investment could curb economic growth.

The RBA's deputy governor used a speech in Sydney to warn of a looming downturn in

housing construction and said the trend could shave as much as one per cent off GDP.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Woohoo! Just what we need...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines