RCR Finance Bulletin # 15 - Friday, 18th September 2008

OPPORTUNITIES FOR INVESTORS

Here is a snippet of info that crossed my desk today that shows the dramatic impact of the chronic housing shortage in Australia and the opportunities this presents for investors.......

New home starts fell by 3.7% in the June quarter to 38,348 which is the lowest level in a year ABS data showed yesterday.

New house starts were up 5.4% on the June quarter 2007 but other dwelling starts were down 3.7%, year on year.

The Housing Industry Association (HIA) said the national dwelling shortfall for the 2008 financial year now stood at 40,000 - a figure likely to increase to 85,000 by the end of the 2009 financial year.

"Without further interest rate cuts and without success reducing structural barriers to affordable new housing, the shortage will blow out by even more," said HIA chief economist Harley Dale.

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