Australia's housing construction boom may be running out of puff, says analyst

The number of people borrowing to buy existing homes is rising, says Nomura strategist, but number getting loans to build has moderated Cracks are appearing in Australia's housing construction boom and there are fears it will peak in the next 12 months. Many have touted the property sector as the nation's next big hope for the economy as mining investment fades, a hope supported by strong retail sales figures for June, published on Tuesday, which showed a splurge in spending by people renovating...