Todays ABS finance data indicates that investors financed 43% of new homes. They are a stabilising force in the new market. Worth noting that ABS finance data covers less than half of homes commenced. The rest don't need a loan from an ADI.
@BenPhillips_ANU Ben I could make an argument that land supply plays a significant role in building approval numbers and over regulation is playing a significant role in how long and what it costs to bring a block to market.
Federal member for Fisher, Andrew Wallace, talking to members on the Sunshine Coast about the importance of a strong economy and the importance of a strong building industry so we can deliver the housing desperately needed.