Wednesday, August 02, 2006

Housing Crisis Continues

Quinn Stocks
Originally uploaded by Sydney Weasel.
NSW Liberal Leader Peter Debnam said the Iemma Labor Government must immediately adopt the Liberal/Nationals' housing and homebuyer rescue package after figures released today show new housing construction at record lows.

Australian Bureau of Statistics figures released today for the 2005/06 financial year show a 35% drop in new houses and unit construction in NSW over the last five years, especially in freefall in the last two years.

2001/02 - 50552
2002/03 - 50143
2003/04 - 48159
2004/05 - 38765
2005/06 - 32858
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