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A total of 54,803 dwellings commenced construction in the September quarter, according to the latest data from the Australian Bureau of Statistics (ABS). That’s a drop of 5.7% from the previous quarter and down by 2.2% year-over-year.
Australia is set to be the world's worst-performing housing market in 2019 as it is likely to record a double-digit price drop over the period, according to a new report by investment company Citi.
A Labor party tax proposal is being slammed by critics who say it would tax self-funded retirees twice.