‘Careful what you wish for’: Building approvals tumble again
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EQ Economics Managing Director Warren Hogan says the fall in building approval rates for the third consecutive month is a “concern”. “The recent building approvals data is a bit of a concern because we’re certainly not building at the rates we saw 10 years ago,” Mr Hogan told Sky News host James Morrow. “If we see this downturn in the market and a weaker economy result in a pullback in building construction activity, then the housing shortage won’t get better; it’ll get worse. “Careful what you wish for, because all this government intervention may be actually making the problem worse, rather than fixing it. “That’s where we find ourselves, and I thought the article articulated that perfectly.”
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