Topic: More signs property market going nowhere
Dwelling starts have fallen to their lowest level in two years in another sign that the property market remains flat.
Dwelling commencements in the September quarter fell 6.8 per cent from the June quarter to 35,672 units, seasonally adjusted, the Australian Bureau of Statistics (ABS) said on Tuesday.
In the year to September 2011, total dwelling commencements dropped 11.5 per cent, seasonally adjusted.