Australian New Housing Approvals Plummeted to Decade Low, Deepening Housing Crisis Concerns
New housing approvals across Australia continued to decline in April, plummeting to its lowest level in 11 years. ...
Source: theepochtimes.com
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Major slump in dwelling approvals spell upwards pressure for rents, house prices
Building approvals recorded a major decline in April, down 8.1% monthly and 24.1% on an annual basis.
Source: yourinvestmentpropertymag.com.au
Australian Housing Construction Downturn Could Deepen Economic Slowdown
By James Glynn SYDNEY--A sharp downturn in Australian building approvals deepened further in April, sparking fears that the slowdown could push the economy closer to a recession, while at the same time stoking rents and keeping inflation hot. ... | 02:41am
Source: marketscreener.com
Building approvals slide to lowest level in over a decade
Approvals to build new homes fell to the lowest level in 11 years, weighed down by fewer permits for apartment and townhouse buildings.
Source: smartpropertyinvestment.com.au
Rental crisis: We're a family of five and we've been forced to live in a tin shed
Jesse Shaufler, her partner, and their three sons, who are all under 12, have been living in the three-by-five metre shed on a relatives' property in Newcastle, NSW.
Source: dailymail.co.uk