Oz Blog News Commentary

RBA scuttles new home construction

November 20, 2023 - 10:40 -- Admin

I noted on Friday how all indicators of housing construction have collapsed. In particular, dwelling approvals, commencements, and completions have fallen to around decade lows at the same time as Australia’s population is expanding at a record rate: For example, only 164,000 dwelling were approved for construction in the year to September, which is 76,000

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