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Australia: Housing supply likely to fall short

Posted on 02 July 2009

From Theaustralian.news.com.au: Australia’s residential property developers will need to build 155,000 homes annually in the next five years to cater for the additional 1.6 million people expected to live here in that time.

But that is unlikely to happen, with new housing supply built for the 2009 financial year being 16 per cent lower than demand……….Full Article: Source


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