Home approvals slip, “tracking at subdued levels”

30 September 2020

 

Summary: Home approval numbers slip; decline in line with expected figure; monthly approvals down 14.6% compared to December 2019; Victorian lockdown not reflected in release;  house approvals up but apartment approvals drop; economists pessimistic as population, jobs market weigh; non-residential approvals up.   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,...

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