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Record low dwelling commencements to push prices even higher

Record low dwelling commencements to push prices even higher

New data out in relation to dwelling commencements makes for pretty dire reading. In fact, commencements have fallen a massive 15% in the year to December 2023. Add to that significant population growth and issues in the construction sector and you have a perfect storm of conditions to drive property prices even higher. What does this mean for property investors? Find out in this update from our own Kate Hill. If you’ve enjoyed this video then you might like to subscribe to our YouTube channel, or browse through our latest videos. If you’d like entirely independent and unbiased advice that’s right for […]

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Record low dwelling commencements

Record low dwelling commencements to push prices even higher

The latest dwelling commencement data sets make for woeful reading for anyone waiting and watching for property prices to hopefully fall. While trying to time the market is never a sensible thing to try to do, all of the major indicators point to a period of prolonged upward price pressure because of this serious demand and supply imbalance. Just consider that the trend number of new dwelling commenced has fallen a whopping 15 per cent over the year to December 2023, plus, the quarterly number of commencements – at just 37,207 – is the lowest recorded for years, according to

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