Home approvals downturn may be worse than thought

30 August 2019

 

Approvals figures for dwellings, that is apartments and houses, have been heading south since mid-2018. As an indicator of investor confidence, falling approval figures represent a worrying signal, not just for the building sector but for the overall economy. There has been some expectation of a recovery in recent months but little in the way of confirmation.  The Australian Bureau of Statistics has now released the latest figures and total...

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