More gloom for the housing market as building approvals slump further

Team Bio: Dulcie Crawford is Native Las Vegan and has been servicing real estate buyers/investors and sellers since 1998. Dulcie formed The Dulcie Crawford Group in 2003, and has assembled a. Hartoch served as president and CEO of Sherwood Insurance Services from 1991 to 1997 and then served as chairman and CEO of wholesale brokerage Swett & Crawford from 1997 to 2003, after which he.

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More gloom for the housing market as building approvals slump further – AUD softens as market eyes steep decline in building approvals. – AUD analysts have one eye on housing, the other on RBA outlook. – Bad approvals number could hurt AUD ahead of Tues rate.

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If other people are willing to pay more for an area than you are, then you can’t afford it, just like people can’t afford BMWs or Mercedes etc. the market isn’t over priced, its just that Australia is in demand and there are lots of people nowdays that have a lot of money at their disposal.

Those record high housing starts have been turning into record high completions, hence the massive oversupply emerging. It takes 2-3 years typically to finish many of these projects. But new projects are not taking their place.

More gloom for the housing market as building approvals slump further Housing supply has also exceeded our needs by at least 30%. Those record high housing starts have been turning into record high completions, hence the massive oversupply emerging. It takes 2-3 years typically to finish many of these projects.

"The boost was a vital tool for first home buyers to get a foot in the door of the housing market," Mr Bidwell said. "Without it, home ownership has been put even further out of reach."

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