An interesting article from RP Data recently confirmed what we have known for a while in that demand for property is outweighing supply in Australia.
"The Australian Bureau of Statistics released building activity data this week, showing the total number of dwelling commencements fell by 11.4% over the year to June 2012. Based on the June data, the number of housing starts was13.4% lower than the ten year average. The weak results highlight just how weak the housing construction sector has been since building activity started to fall in early 2010."
Read the full release from RP Data here
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