A recent Master Builders survey has revealed that nearly 45 per cent of residential builders’ clients have cancelled or postponed projects this year because they could not secure finance.
Executive Director Brian Welch said the survey illustrated the damage tight lending practices were continuing to have on housing affordability.
Residential building approvals in regional Victoria..
It appears a lack of affordable housing in Melbourne is the key driver for venturing to regional Victoria seek more affordable.
Apartments and units driving decline in housing approvals..
The latest building approvals data for Victoria has been released, showing an overall decline in approvals, with apartments/units.