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:
REIA SEEKS NEW FOREIGN INVESTMENT FEE STRUCTURE FOR RESIDENTIAL PROPERTY SECTOR
REDUCTION IN LOAN DEFERRALS DEFIES DOOM AND GLOOM FORECAST: REIA
NSW BUDGET SHOWS IT IS TIME TO GET SERIOUS ABOUT STAMP DUTY: REIA
RBA IMPROVES HOUSING AFFORDABILITY IF BANKS PASS ON CUT
SEPTEMBER HOUSING FINANCE REFLECTS IMPROVING HOUSING SENTIMENT
REIA News – October 2020
RENTS RECORD FIRST ANNUAL FALL
REIA PRESIDENT CALLS ON THE REAL ESTATE INDUSTRY TO REMAIN VIGILANT AS STATE BORDERS REOPEN