Real Estate & Home

National housing target falters as home approvals fall across Australia

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Australian housing approvals declined in July, falling short of the Albanese government's goal to build 1.2 million homes by 2029. This setback is exacerbated by concerns that proposed trust tax policies could further hinder home construction efforts, impacting family-owned and mid-tier builders crucial for meeting housing targets. Developers should monitor policy developments closely as they may affect future construction activities.

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