Australian Prime Minister Kevin Rudd said on Monday that his government will invest A$50 million in housing-related infrastructure to increase housing supply.

This investment is set to deliver more than 7,000 new lots and dwellings between 6 and 14 months faster than would otherwise have been the case, said Rudd. The investment will save home buyers an average of A$20,000.

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Posted by mopeng at March 29, 2010 1:35 AM