Step up in home approvals – just as rates and tax changes hit
AI Summary
Home approvals in Australia have started to climb towards the government's target of 1.2 million new homes by mid-2029; however, rising interest rates and budget changes are expected to impact the housing market negatively.
The government has a target of 1.2 million new homes by mid-2029. Approvals have started to climb – but rate hikes and budget changes are going to hit the market.
Politics Markets Real Estate home approvals interest rates housing market government target budget changes