Record high building approvals but for how long?

02 November 2015

 

The Australian Bureau of Statistics released September building approval figures which were better than expected, with total approvals rising 2.2% compared to the expected figure of +1.0%. The increase was driven by a sharp rise in Queensland and robust gains in Victoria which outweighed a significant fall in non-house approvals in NSW. Private house approvals were down 1.9% for the month but up 1.5% for the year while units were...

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