Go slow on home cost

Townsville Bulletin - - NEWS -

A MAS­SIVE pipeline of hous­ing con­struc­tion is ex­pected to help slow soar­ing home prices in the com­ing year. A record $ 57.6 bil­lion of new homes were ap­proved to be built in the past 12 months, which means more than 200,000 dwellings are ex­pected to be con­structed across Aus­tralia this year. In May, dwellings ap­proved for con­struc­tion bounced back from a fall in the pre­vi­ous month to rise 2.4 per cent for the month and 17.6 per cent for the year, the Aus­tralian Bureau of Sta­tis­tics said.

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