No! the Residential Property Boom does not fund Australian economic growth
Submitted almost 3 years ago by Alan Barry
Household and Government spending has been propping up the economy for the last 4 years. Coupled to this the large intake of immigrants has fueled the relatively moderate economic growth and prevented s recession.
Private sector capital investment has declined consistently over the last 4 years, without capital investment future economic growth cannot happen
as described in the Household and Government Spending Mask the Weakness in Our Private Sector article in Corelogice