The Reserve Bank's interest rate cut and quantitative easing measures, along with the first easing in Victoria's restrictions, have pushed nationwide consumer confidence and property-buying intentions to seven-year highs.
Expectations on property prices have also returned to within pre-COVID-19 levels.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com