Home price rise could mean ‘positive’ news for real estate companies on share market

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 78%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

CommSec’s Ryan Felsman says there could be “positive” news for building materials companies and real estate companies on the share market today.

“We’ve snapped a seven-week losing streak on the ASX 200 and the Aussie share market is poised to open high by 45 points or 0.6 per cent this morning,” Mr Felsman told Sky News Australia.

“And we have seen CoreLogic’s Home Value Index released … home prices in Australia rose by 0.6 per cent during the month of March, that’s snapping an 11-month losing streak. “So that could be positive for building materials companies and real estate companies on the share market today.”

 

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

Building company's are going into receivership.

Not if people aren’t buying.

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 CA

Canada Canada Latest News, Canada Canada Headlines