Changing lender habits amid ever rising construction costs have resulted in a lack of affordable housing development within the continuing housing crisis.
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According to Equifax’s latest consumer research, over two-fifths (45%) of Australians intend to invest in property (purchase, renovate, or build a home or investment property) in the next five years. However, nearly half (47%) cite lack of trust in the building or construction industry (34%) and/or a lack of qualified contractors or builders in the market (32%) as the biggest barriers.