New home sales plunge as housing crisis deepens | 7NEWS
New home sales have fallen 19.3 per cent nationally in the first three months following the budget, with Victoria leading the decline at 27 per cent. The Housing Industry Association warns this slump will result in fewer homes commencing construction into next year. The government has backed new apprenticeship pathways to address tradie shortages, but disagreements have emerged over how investor tax changes in the budget have impacted construction pipelines, while concerns grow about delays in processing offshore skilled migration visas.
Subscribe and set 🔔 » https://7news.link/YTSubscribe |
For the latest Australian news and breaking news alerts, connect with 7NEWS online:
Visit » https://7news.com.au
7Plus » https://7plus.com.au/
7NEWS Podcast » https://open.spotify.com/user/dm9fk9hzoe68ibpttheragdgi
Facebook » https://www.facebook.com/7NewsAustralia
TikTok » https://www.tiktok.com/@7newsaustralia
Instagram » https://www.instagram.com/7newsaustralia/
X » https://x.com/7NewsAustralia
7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, Spotlight and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes at 6pm and weekdays at 12pm and 4pm on Channel 7 and 7plus.
#BREAKINGNEWS #7NEWS
