Economy

Aug 11, 2017

Housing numbers confirm Australia’s economy floundering

New figures from the ABS confirm a worrying trend of decreased housing construction, further entrenching Australia's own private recession.

Alan Austin — Freelance journalist

Alan Austin

Freelance journalist

Housing affordability Federal Budget 2017

Australia is not only missing out on the strong global economic recovery, but seems to be digging its own private recession deeper and deeper. Further evidence for this arrived in the latest housing numbers from the Australian Bureau of Statistics (ABS).

3 comments

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3 thoughts on “Housing numbers confirm Australia’s economy floundering

  1. graybul

    Hear that . . . hear that? A hollow sound . . . like someone’s head banging on a wooden table . . . bong, bong, bong . . . .

  2. Barbara Haan

    You’re right. NZ looks better by the day.

  3. AR

    I feel the same way about new housing starts as I do about booming retail – irrational behaviour by a terminal society.

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