A housing boom is no boon for retailers

ABS retail sales data shows no conclusive link between a resurgent housing market and increased consumer spending, which will dent retailers' hopes of future revenue growth.

The relationship between a housing boom and increased consumer spending in the household retail sector might not be as linear as first thought.

Hype surrounded household retail as being the sector most likely to benefit from a resurgent housing market. But August retail numbers conclude something entirely different. Breaking down the numbers into sectors provides a more sobering reality.

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