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Developers send warning as new home sales collapse

As has been well documented, Australian dwelling completions are tracking 27% (112,400) below the National Housing Accord’s target of 1.2 million homes over five years, which requires a construction run rate of 240,000 homes a year. The outlook has also worsened recently amid soaring construction costs and the steep house price correction, which has made The post Developers send warning as new…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

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