Australia GDP Data Release 1Q21

Strong growth rebound continues into 2021

June 04, 2021

Australia’s GDP rebound continued in 1Q20, with a stronger than expected 1.8% growth in the quarter. After a technical recession over 1H20, this is the third quarter of stronger rebound in growth and boosted annual growth to 1.1%, up from -1.0% last quarter.

Australia is now in a far healthier economic condition position that nearly all public and private sector forecasts expected at this point in the recovery.

For the real estate implications of the outlook, please click below.

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