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A total of 54,803 dwellings commenced construction in the September quarter, according to the latest data from the Australian Bureau of Statistics (ABS). That’s a drop of 5.7% from the previous quarter and down by 2.2% year-over-year.
Australia is set to be the world's worst-performing housing market in 2019 as it is likely to record a double-digit price drop over the period, according to a new report by investment company Citi.
Residents of the cracked Opal Tower in Sydney will be forced to spend more time outside of their homes after an interim report revealed damages that need major rectification work, as well as a number of issues with the property’s design and construction.