From: NEWS.com.au

June 30,2008

• Rising population is driving demand for more houses
• Construction has fallen this year, despite high demand
• The latest interest rates news and features

A MILLION new homes need to be built over the next five years to cope with Australian's booming population, new figures out from the Housing Association show.

The number of houses currently being built falls well short of this, and according to the HIA, there'll be a shortfall of at least 175,000 houses if current building rates continue.

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