Home approvals jump in August after July plunge

04 October 2022

 

Summary: Home approval numbers up 28.1% in July, above expectations; 9.5% lower than August 2021; strong increase in units “suggest some appetite and ability” to continue providing new supply; non-high rise resilience questions extent of drag on growth from policy tightening, other factors; house approvals up 3.7%, apartments up 98.6%; non-residential approvals up 15.1% in dollar terms, residential alterations up 5.4%. Building approvals for dwellings, that is apartments and houses,...

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