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Tuesday, 23 October 2007

Forecast Construction Shortfall to Send Rate Hike Warning

...BIS Shrapnel's senior manager, Jason Anderson says the demand has been driven by an increase in the number of people migrating to Australia to benefit from the nation's record 30 year low unemployment rate.

While good for the economy, Anderson says it's providing a double-edged sword with rent levels rising because of the increased demand for new dwellings. ...

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