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Australia: House prices, economic growth much better than expected

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Australia comes out of a recession with an extremely strong property market.

Australia comes out of a recession with an extremely strong property market. Source: AAP Image/Keith McInnes/Cover Im

Australia comes out of a recession with an extremely strong property market.

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By Panos Apostolou

Source: SBS

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Australia comes out of a recession with an extremely strong property market.

House prices jump in May.
House prices jump in May. Source: CoreLogic
The building surge has been for houses not apartments.
The building surge has been for houses not apartments. Source: Australian Bureau of Statistics

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