The Australian Prudential Regulation Authority ('APRA') recently released its quarterly property exposure data for domestic and foreign authorised deposit-taking institutions ('ADIs').
A resilience-led rebound
We release our December quarter update amid the gathering pace of Australia's recovery from its first recession in almost 30 years and the commencement of the nation's COVID-19 vaccine program.
For the first time in the more than 60-year history of the National Accounts, GDP has risen by more than 3.0% in two consecutive quarters, with the 7.0% collapse recorded in the June quarter almost recovered.
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