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ABC News
ABC News
Business

North Queensland feels brunt of new home construction slump

Cameron McInnes and Rob Rule are concerned that building code changes will deter prospective homebuilders. (ABC News: Jason Katsaras)

Across Queensland prospective home owners are feeling the pinch of rising interest rates, higher building costs and labour shortages.

Nowhere has this been felt more acutely than in North Queensland, which has seen a 60 per cent drop in new home builds, according to recent data released by the Australian Bureau of Statistics.

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