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Mortgage applications from first homebuyers are in the worst freefall since 2022 and sales of brand new homes have tanked, calling into question Labor’s Budget plans to boost housing supply.

First homebuyer loan applications and new home sales plunge

Mortgage applications from first homebuyers are in the worst freefall since 2022 and sales of brand new homes have tanked, calling into question Labor’s Budget plans to boost housing supply.

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