The latest Australian Bureau Statistics data reveals that the number of houses approved in South Australia declined by almost 10 per cent over the last 12 months.
“The drop in the total number of houses approved is concerning, but indicative of the state of the South Australian economy,” said Shadow Minister for Housing and Urban Development Vickie Chapman.
“Sadly it is clear that many SA families struggling with high state taxes and charges and high cost of living simply can’t afford to build new homes.
“More needs to be done to stimulate consumer demand in South Australia to encourage economic growth.
“This is why it is also critical that we get the Infrastructure Levy component of the Planning Bill right, rather than just accepting what the Weatherill Labor Government is trying to push through.
“We can’t afford for housing to become unnecessarily expensive.
“The fact that South Australians are building fewer homes is also feeding our unemployment crisis.
“The danger for the South Australian economy is that the rising unemployment rate and declining home building industry form a vicious circle each feeding the other.
“The latest CommSec State of the States January 2016 Report confirms that South Australia continues to languish around the bottom of the economic ladder.
“South Australia is stuck in an economic rut and the Weatherill Government is clueless as to how to lead us out of it.”