New home starts are likely to remain in decline for the 2012 Financial Year.
A factor contributing to this is the anticipated rise in interest rates.
On the supply side, there is a load of finance available for residential developments, meaning many commercially viable projects aren't going ahead because of stringent conditions imposed by Lenders.
In addition, slow land releases and planning delays are adding to the cost of a new home.
1 comment:
it seems to me that if this keeps on going owning a house is going to become an impossible dream for the av Australian
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