Figures released from the Australian Bureau of Statistics Wednesday revealed new housing commencements in NSW dropped to the lowest level in five years over the September quarter – the latest period with available data.
There was also a 34 per cent drop in new construction activity compared to the year prior, with new unit project starts falling 43.1 per cent and detached house starts falling 26 per cent.
https://www.realestate.com.au/news/housing-shortage-looming-new-building-projects-drop-to-lowest-level-in-five-years/?rsf=syn:news:nca:news:spa:strap
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