targets to address skyrocketing rents and property prices appear to be fading before they've even begun, after the number of homes approved for construction declined last month.
Building peak body Master Builders Australia said approvals need to drastically escalate following today's figures. "The challenge is massive, not impossible, but requires a 47 per cent increase in the volume of new home building output."20,000 homes need to be built every month to hit the housing targets – far higher than the current approvals. Denita Wawn, who previously told 9news.com.au she thought the targets could be hit
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Source: 9NewsAUS - 🏆 10. / 72 Read more »