Overhead View House Model Inside Shopping Cart Against Yellow Background Min

๐—ก๐—ฒ๐˜„ ๐—›๐—ผ๐˜‚๐˜€๐—ถ๐—ป๐—ด ๐—ฆ๐˜‚๐—ฝ๐—ฝ๐—น๐˜† ๐—™๐—ฎ๐—ถ๐—น๐—ถ๐—ป๐—ด ๐˜๐—ผ ๐—ž๐—ฒ๐—ฒ๐—ฝ ๐˜‚๐—ฝ ๐˜„๐—ถ๐˜๐—ต ๐——๐—ฒ๐—บ๐—ฎ๐—ป๐—ฑ

In the recent federal budget, the government confirmed it plans to facilitate the building of one million new homes in 2024-29. The trend, though, is heading in the opposite direction.
The latest data from the Australian Bureau of Statistics show that the number of residential building approvals (in trend terms) issued in March was 21.5% lower than the year before.
Also, the number of approvals issued in the five years to March (968,454) was significantly lower than the number in the previous five-year period (1,105,954).
By way of context, Housing Industry Association senior economist Tom Devitt said the decline in approvals has been occurring as population growth has been surging.
โ€œThis imbalance will see the affordability and rental crisis deteriorate further,โ€ he said.

Subiaco finance brokers are here to help

Interest rate rises are here, but you donโ€™t have to fear with the right broker on your side.

The team at Sonam Capital are here to empower you through financial knowledge.
Weโ€™ll 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.

View All
extraMile by Dapth