Building approvals slide, more to come

Summary: Home approval numbers fall 6.7% in June; slightly worse than expected figure; approvals still at very high level; more HomeBuilder-related declines to come; house approvals down, apartment approvals up; very low interest rates, strong investor demand keeping approvals elevated   Approvals for dwellings, that is apartments and houses, had been heading south since mid-2018. As an indicator of investor confidence, falling approvals had presented a worrying signal, not just...

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