Concerns for Australia's housing market | 7NEWS

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Concerns for Australia's housing market | 7NEWS
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There are major concerns for Australia's housing market with the number of new homes being built expected to plummet. Rising interest rates and a lack of building materials are partly to blame. 7NEWS

  • 📰 7NewsSydney
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7NewsSydney /  🏆 16. in EG
 

So now we will import the homeless.

Sydney & Melbourne will see corrections of up to 40%+ and this pain is because those 4 crooked banks 🏦 were allowed to value-up residential land by 3 & 4 times its value, and it was encouraged by the Reserve holding any rate rise for a decade 🤔🙄

مهسا_امینی

When you essentially kill the timber industry as Australia has done, you can't suddenly pretend to be shocked when timber prices sky-rocket.

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