Rents to rise as building approvals hit decade low

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Rents to rise as building approvals hit decade low
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Australia’s next rental crisis has taken a step closer after new detached house approvals slumped to a decade low.

But the Australian Bureau of Statistics figures on Thursday show the pipeline of houses is also set to slump, reflecting

“Enquiries for greenfield land and off-the-plan apartments are down sharply on a year ago and are set to remain weak over the year ahead.”

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