The illusion of higher housing wealth

By Clancy Yeates
Updated November 1 2015 - 10:28am, first published October 13 2015 - 2:00pm
Consumer spending is up as house prices make owners feel wealthier. Photo: Erin Jonasson
Consumer spending is up as house prices make owners feel wealthier. Photo: Erin Jonasson

Lifting your spending because your home went up in value may not sound sensible, but the statistics suggest it is exactly what many households have been doing in the past couple of years.

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