Disappointing drop in new home approvals

Total dwellings approved fell 3.7 per cent, seasonally adjusted, in January, marking the seventh monthly decline and a 33.5 per cent drop since January 2008

Unit approvals were the root cause of the decline; they sank by 15.4 per cent, seasonally adjusted, to be 54.5 per cent down on January last year.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 06 March 2009