Australian economy grows as house prices face decline
Australia's GDP grew 0.4 per cent in the June quarter, reaching an annual growth rate of 2.1 per cent, slightly higher than economists expected. The Commonwealth Bank has forecast a 9 per cent average decline in house prices nationally before recovery next year, with Sydney and Melbourne expected to see drops of 13 per cent and 12 per cent respectively.See omnystudio.com/listener for privacy information.
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