Expert sounds the alarm over Chinese import as Australia desperately tries to solve housing shortage: 'There are risks'

NAB has released a staggering update on home loan applications and the RBA has made it clear struggling borrowers are on their own.

The fall is a further sign of a slow-down in Australia’s housing market and lingering concerns about the Albanese Government’s radical shake-up of property tax rules.

The Albanese government has set an ambitious plan of building 1.2million new homes by mid-2029, but was 77,500 homes behind target as of April this year.