October home approvals “particularly disappointing”

02 December 2019

 

Approvals for dwellings, that is apartments and houses, have been heading south since mid-2018. As an indicator of investor confidence, falling approvals 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 but economists now appear uncertain.  The Australian Bureau of Statistics has now released the latest figures from October and total residential approvals...

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