Residential property: Home building slumps to weakest since mid-2022
The collapse of another building company this week shows the hit to capacity in the economy and makes the national 1.2 million-home target harder to achieve.
Source: afr.com
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'Feeble' retail spending as consumers even cut back on essentials
Australian consumers are cutting back on even essential items, with the latest data revealing “feeble” retail sales.
Source: thenewdaily.com.au
Falling loans for residential land deepen decline in new home builds
Loans to buy new residential land plummeted 19.1 per cent in July, the fastest rate in more than four years.
Source: afr.com