New home lending at record lows but housing crisis bad news doesn’t stop there
The housing crisis is cementing itself as part of the Australian economic and social landscape and the latest indicators only reinforce the view that lofty ambition is not enough to resolve the issue.
In the 2023 financial year, 2,349 construction companies entered administration. (Image source: Craig Francis, API Magazine)
Any hopes that the housing crisis will abate any time soon appear forlorn, with a slew of new data pointing to a continued shortfall of homes and even a retreat from investors who had previously been picking up their pace
.The Australian Bureau of Statistics (ABS) unveiled a suite of economic indicators this week, pointing to further pain ahead for renters, mortgage holders and builders.
The total value of new loan commitments for housing fell …
