Tuesday, September 15, 2009

WA housing starts drop 18% in 2008-09

Low interest rates and a more generous government housing grant have failed to lift the rate of new home building, with housing starts in WA falling by a larger than forecast 18.1 per cent in 2008/09.

The Australian Bureau of Statistics dwelling commencements report for the June quarter showed that home starts in WA fell by a seasonally adjusted 6.3 per cent to 4,345 units.

Over the 2009 financial year, housing starts fell 18.1 per cent in WA, according to CommSec. The Housing Industry Association had yesterday forecast a fall of 15 per cent 

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