Home approvals surge; Vic & NSW miss out

31 October 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 had been some expectation of a recovery in recent months and now that recovery may have arrived.  The Australian Bureau of Statistics has now released the latest figures from September...

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