Population growth stagnant as employment takes a plunge

Border and lockdown restrictions are reflected in the latest ABS data

Residential property price growth strongest on record

Total value now edging closer to $9 trillion

80% want lockdowns to end once vaccinations targets are met

The new research comes from the Business Council of Australia

Wage growth not keeping pace with property

Wages are growing +1.7% a year, but house prices +18.4%

Affordability issues start to drag down home loans

Rising prices may be dampening new housing loans

Number of dwellings approved continues to fall

Fell by 8.6% in July

Retail sales drop 2.7% in largest monthly fall this year

Decline in sales attributed to Covid restrictions

NSW take the brunt of nationwide job losses

Hospitality particularly takes a hit as payroll jobs fall 2% nationally

98% decline in tourist arrival: ABS

Visiting friends or relatives is the no. 1 reason for short term travel

Housing affordability and supply under investigation

Calls on government to “restore the Australian dream”