Australian Bureau of statistics figures show that there has been a 22% drop in building construction in the March quarter this year. These figures come after a survey by the Real Estate Institute showed that the ACT has suffered a bigger fall in home loan affordability than any other state in Australia. The Master Builders Association says that these figures showing a major slowdown in construction reflect the feeling of its members however also states that this slowdown was inevitable due to the high rate of growth from previous years.
Sourced from: http://au.news.yahoo.com/080530/21/172up.html
on the 10/5/2008
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