We expect a significant rise in new dwelling construction over 2014 that should carry into 2015. The positives for theeconomy flow from the boost to overall growth and employment. It also means a better alignment between populationgrowth and new housing supply that should address some of the affordability issues that attract so much comment. Moresupply will weaken the current upward pressures on prices and rents. Price and rent changes are likely to stay variedacross the capital cities and regions, reflecting local economic and new supply conditions.
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Commonwealth Bank