Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Building approvals up but no real recovery ahead

Staff Reporter 1 minute read

Building approvals picked up significantly in April, data from the ABS showed yesterday.

The total number of dwelling units approved rose by 7.8 per cent to 13.570 billion, seasonally adjusted, over the course of the month.

The rise in total building approvals was driven largely by a 17.5 per cent surge in ‘other dwelling’ approvals to a seasonally adjusted 4.322 billion.

Peter Jones, chief economist of Master Builders Australia, commented that the encouraging lift in approvals “should not be interpreted as the beginning of any strong and sustained recovery, and may simply reflect volatility in apartment approvals and seasonal adjustment issues”.

Published: 04-06-08

Advertisement
Advertisement
Building approvals up but no real recovery ahead
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
question mark 850 Brokers reveal which lenders are leading the way

The results are in for the Third-Party Lending Report 2020, revea...

board room office ta Lender revamps broker team

A low-deposit mortgage lender has announced changes to its third-...

build SMEs showing greater resilience to COVID-19

Businesses with an annual turnover of less than $200,000 have far...

FROM THE WEB