In the Post Coronavirus World, Australians spend more money turning homes into castles – May 2020

Even the spending experts are starting to notice this in Australia… Commonwealth Bank Australia economist Gareth Aird said there had been a 25 per cent increase in credit and debit card spending on household furnishings and equipment compared to a year ago. This category includes spending on gardening, home renovations and home office fit outs.  Simon Bligh, chief executive officer of credit bureau illion, said the average Australian spent 38 per cent more a week on home improvement compared to before the lockdown.

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