Nobody wants to build housing in falling market
Two reports suggest Australia’s residential construction market is weakening significantly amid falling prices, rising interest rates, and the federal budget changes to negative gearing and capital gains tax. Stockland, the country’s largest listed residential developer, reported its lowest level of housing inquiries in at least seven years. Higher interest rates, worsening affordability, rising…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
