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Description
On average, every $100,000 increase in housing wealth results in an increase in consumption of between $1000 and $1500 per annum in Australia, according to this bulletin.
Increased housing wealth helps to relax borrowing constraints on home owners thus facilitating increased consumption.
Publication Details
Copyright:
Australian Housing and Urban Research Institute Limited 2009
Access Rights Type:
open
Post date:
4 Aug 2009
