๐๐๐ถ๐น๐ฑ๐ถ๐ป๐ด ๐๐ฝ๐ฝ๐ฟ๐ผ๐๐ฎ๐น๐ ๐๐ฎ๐น๐น ๐ฎ๐ฐ%
The number of home building approvals remains at low levels, pointing to a shortage of new housing in the not-too-distant future.
A total of 13,085 approvals were issued in December, which was 9.5% lower than the previous month and 24.0% lower than the previous year, according to the Australian Bureau of Statistics.
Over the past 15 years, an average of 16,040 approvals have been issued each month โ and approvals numbers have now been below this long-term average for 12 consecutive months.
With Australiaโs population growing strongly, so too is demand for housing, but supply is struggling to keep up.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weโll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
