Home Building Hits a Lull as Rate Hikes Bite

Home Building Hits a Lull as Rate Hikes Bite
An aerial view of suburban houses in Sydney, Australia, on April 22, 2020. Ryan Pierse/Getty Images
AAP
By AAP
Updated:
0:00

A lacklustre pace of home building is expected to continue over the next two years and keep upward pressure on rents and house prices.

A string of interest rate hikes and a shortage of workers and materials have been keeping a lid on new home building, and fresh forecasts from the Master Builders Association show challenges intensifying rather than easing.