The curse of Alboclown.Manchurian destroyer of Australia…Responsible for a tent city near you!
“The pace of Australian home building has slowed to a decade low despite demand growing, as higher borrowing costs and rising prices stand in the way of the country’s increasing need for new homes.
New housing starts fell to 165,602 over the four quarters to September, the weakest 12-monthly total since March 2013, Australian Bureau of Statistics figures showed.”
Under the previous Coalition government, the immigration rate of around 200,000 people and the increase in births more or less matched housing starts.
None of the increase in immigration under Labor has been matched by an increase in housing. And why would it, given that there is a labour shortage in Australia.
The increase in immigration has increased interest rates causing builders to go broke and housing supply to dry up.
