New figures from the Australian Bureau of Statistics show NSW dwelling unit commencements have fallen for the last five quarters despite Kevin Rudd’s lifeline to NSW floundering Rees Government in the form of Federal stimulus measures, Shadow Minister for Financial Management, Greg Pearce said today.

Minister for Lands Tony Kelly demonstrated again last week how distracted Labor Ministers have become, after being exposed as totally ignorant on his Department’s mounting list of IT project disasters, Shadow Minister for Lands Greg Pearce said today.

Despite Federal Government attempts to throw a lifeline to NSW’s floundering Rees Labor Government, Kevin Rudd’s stimulus measures have failed to prop up new building approvals or reverse the State’s continuing decline, Shadow Minister for Financial Management Greg Pearce said today.