The June 2020 quarter CPI figures show the impact the COVID pandemic is having on the economy as consumers restrict their spending and adjust their activities and way of life, according to the Real Estate Institute of Australia (REIA).
“The All Groups CPI, fell 1.9 per cent in the June 2020 quarter giving an annual drop of 0.3%. This is markedly down on the March quarter figures of increases of 0.3 % and 2.2%, respectively, and was the largest quarterly fall in the 72 year history of the CPI," REIA President Mr Adrian Kelly said.
Download the full media release here:
GROWTH IN HOUSING FINANCE APPROVALS RESUMES
2021 OFFERS UNIQUE OPPORTUNITY FOR LATE AUTUMN AND WINTER SALES
RENTS CONTINUE RECOVERY FROM COVID IMPACT
All-star line-up for REIA National Awards for Excellence 2021 to be held in the Top End
HOMES SHOULD BE AT THE HEART OF BUDGET 2021 AS AUSSIE JOBS COME BACK ONLINE
RAPID GROWTH IN HOUSING FINANCE APPROVALS SLOWING DOWN
AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS
REIA News – March 2021