Australian home builders face a challenging market due to high interest rates impacting borrowing and sales.
Australia's home builders face a challenging market due to high interest rates reducing households' ability to borrow and build. Housing Industry Association data shows a 5.3% national increase in new home sales in February, following a weak January with housing approvals dropping 10% from the previous month. High interest rates are eroding market confidence and affecting the construction industry.
March 15, 2024
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