Australian construction posts its sharpest fall in six years in May and mortgage lending is still well down on a year ago
Australian housing remains in the doldrums, with construction activity continuing to contract and mortgage lending still well down on a year ago, as the sector pins its hopes on a flow-on benefit from the RBA rate cut.
Construction rates across Australia had their sharpest falls in six years in May as the building of houses and apartments slowed and jobs in the sector continued to trail off, according to a survey of businesses in the industry.
Continue reading...from World news | The Guardian http://bit.ly/2XuTh3C
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