From 'The Oz': more evidence of how the incompetent Trotskyist...

From 'The Oz': more evidence of how the incompetent Trotskyist Labor-Greens-Teals government of PM Anthony Albanese cannot meet its housing target:

"February building approvals disappoint economists with a seasonally-adjusted 1.9 per cent fall on-month by number versus an expected 3 per cent rise.

The weakness is exaggerated by a 24.9 per cent fall in approvals for private sector dwellings excluding houses, driven by a fall in the number of approved large apartment projects. Private house approvals rose 10.7 per cent.

January building approvals were revised down to minus 2.5 per cent versus a 1 per cent fall first reported."

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This may not adversely affect RWC as much as say under takeover offer BLD or others with more skin in the Oz new homes game, but it's evidence of malaise along with continuing skilled labour shortages, and the ongoing adverse effect of interest rate rises. Hard to see the latter's RBA cash rate coming down soon given ongoing spikes in indicators such as tertiary services inflation. Anyone been to see a GP or medical specialist lately?