MYEFO POINTS TO GAINS FOR THE PROPERTY MARKET PROMPTED BY QUICKER ECONOMIC RECOVERY

December 17th,2020

The Real Estate Institute of Australia (REIA) says the Mid Year Economic Forecast Outlook (MYEFO) released today is positive news for both the economy and the property sector.

REIA President, Adrian Kelly said the $16bn improvement in the forecast deficit is largely due to fewer people needing the JobKeeper wage subsidy and reflects a better-than-expected recovery of the Australian economy.

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