Smith said renters would also be squeezed with less money in the construction market.
"This is an issue of supply and demand, but private dwelling investment is forecast to fall rather than increase through 2023, before recovering only modestly in 2024," Smith said. "Construction is expected to commence on significantly fewer houses and apartments compared to previous years – in fact, Deloitte Access Economics expects that 2023 will see construction commence on the fewest dwellings in more than a decade and almost 70,000 below the level commencements recorded in 2021.
"On these numbers, new housing supply would just barely keep pace with population growth, let alone ease what is a critical undersupply. "In short, we are building far too few dwellings and, with a myriad of supply-side challenges unresolved, that is unlikely to change in the near term."Deloitte has revised down expectations for Australian economic growth in calendar years 2023 and 2024 to just 1.5 per cent and 1.2 per cent respectively.to receive our daily newsletters and breaking news alerts, sent straight to your inbox.
You guys spend the money in the shits, just know follow the US, spend the money to buy weapon
We have been like this for the last 3 years but it was ignored by the previous government who were just dilussional and pretended we were ok. What did u expect
Watch labor make a big mess even more …
So how much money gets given to other countries? And how much do the overpaid politicians get paid? And if you added up politicians unnecessary perks it would total what? And what does the Government spend on media campaigns ie: Covid boosters, elections etc? Start there 👍
Labor
Major depression on the way
planned demolition...don't worry the commo corporation has stack n rack...food...medicine...dental....all free...just gotta be injected every few months...and...you can never leave.
9NewsMelb
Don't worry, we just need to focus on 'Indigenous Voices'. With 'voice' the economy will be fine.😂
Yet house prices still going up, something doesn’t add up here?
Here we go...get ready, coming your way September 23rd 2023
Anyone not earning 150 K a year could’ve told you this but I’m guessing you don’t know people like us 90% of low income people of Australia keeping this country running stop talking shit we are in recession
What did you expect when you voted in a PM focused on Apartheid and tripping around the world.
Are we there yet? Yes. For quite some time.
When war kicks off, the economy will really turn to shit
9NewsSyd Think twice. 🤣🤣🤣🤣🤣🤣🤣🤣
those CBDCs wont wait forever you cnuts will start the panic and force the crash MSM is basically propaganda for blackrock vangaurd and all the other PARASITIC investment corps, the news outlets spew out what they want you to hear to make them more $$ as they own them too.