Home approvals “remains soft”; activity depressed for “this year and next”

04 March 2019

 

Aside from engineering and architectural design, one of the earliest requirements of a building project is to obtain approval from the relevant statutory body. While not all projects which have been approved are completed, all completed projects have been granted approval. Approvals data thus provides a useful indicator of future construction activity.  The latest building approval figures have been released by the Australian Bureau of Statistics and they indicate the...

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