New home starts fall

The number of new homes being built nationally fell by 4 per cent to 36,512 in the June quarter according to the Australian Bureau of Statistics. NSW recorded its lowest number of homes being built for 23 years of only 6,514 seasonally adjusted, down 20 per cent for the quarter. Nationwide housing stats were down 3.4 per cent for the year to June, with a drop of 6.6 per cent in Western Australia but an increase of 14.6 in South Australia.