In its recently released Financial Stability Review report, the Reserve Bank of Australia informed that in the near term, risks from falls in housing prices have reduced but still exist.
As per RBA:
- The increase in housing prices and prices in Sydney and Melbourne has reduced the risk that sustained falls in housing prices;
- However, the rental vacancy rate in Sydney is relatively high;
- The fall in housing demand and prices over the past couple of years and tighter credit supply for developers, has resulted in residential building approvals falling sharply.
With the pandemic continuing to affect the globe, healthcare companies are evaluating their lead compounds for COVID-19 treatment. Future revenue for these stocks depends on the probability of launching an approved treatment in the market.