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Materials costs not only barrier for Australia to meet its housing goals, economist warns

by Nagoor Vali

Australia will wrestle to construct as many properties because it wants to deal with its housing shortfall, a number one economist has warned, as the development business continues to battle excessive prices and inflation.

Analysts have been inspired by a sizeable fall within the nationwide inflation charge, to 4.1 per cent within the yr to December, because the Reserve Financial institution works — by way of rate of interest hikes — to push it again to the two to three per cent goal vary.

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