New housing approvals across Australia continued to decline in April, plummeting to its lowest level in 11 years. The implications for housing supply deepen the concerns that the rental and affordability crisis would deteriorate further. The total number of dwellings approved nationally fell 8.1 percent in April to a seasonally adjusted 11,594, the lowest level…
Australian New Housing Approvals Plummeted to Decade Low, Deepening Housing Crisis Concerns
New Housing Approvals Plummet to Decade Low, Deepening Australia’s Housing Crisis
New housing approvals across Australia continued to decline in April, plummeting to its lowest level in 11 years. The implications for housing supply deepen the concerns that the rental and affordability crisis would deteriorate further. The total number of dwellings approved nationally fell 8.1 percent in April to a seasonally adjusted 11,594, the lowest level…
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