๐๐ผ๐๐๐ถ๐ป๐ด ๐ฆ๐๐ฝ๐ฝ๐น๐ ๐๐ฒ๐ต๐ถ๐ป๐ฑ ๐ง๐ฎ๐ฟ๐ด๐ฒ๐
If the federal government is to achieve its target of facilitating the building of 1.2 million well-located homes in five years starting from July 2024, something will need to change.
Thatโs because only 950,608 homebuilding approvals were issued over the five years to August 2023 (see graph), according to the latest data from the Australian Bureau of Statistics.
Furthermore, not all of those homes will get constructed, because sometimes developers or homeowners decide not to proceed with a project after receiving approval.
Master Builders Australia recently forecast that only 1.04 million homes would be built during the governmentโs timeframe.
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.
