Property developers today welcomed the co-ordinated action from the Federal Government and the Reserve Bank to try and avoid an Australia-wide recession.
The Federal Governments new $4 billion emergency funding pool could help prevent large scale job losses in the construction industry, according to the Urban Taskforce.
New figures released by the Australian Bureau of Statistics (ABS) today reveal that NSW home approval levels are at another record low with the situation being directly comparable to Victoria in 1991.