New home sales plunge as housing crisis deepens
New home sales have fallen 19.3 per cent nationally in the first three months following the budget, with Victoria leading the decline at 27 per cent. The Housing Industry Association warns this slump will result in fewer homes commencing construction into next year. The government has backed new apprenticeship pathways to address tradie shortages, but disagreements have emerged over how investor tax changes in the budget have impacted construction pipelines, while concerns grow about delays in processing offshore skilled migration visas.See omnystudio.com/listener for privacy information.
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