dwelling approvals

Dwelling approval data is in, giving some insight into Australia’s property development market. Throughout October, apartment development approvals were a key driver.

The total number of approved dwellings has declined in September according to the Australian Bureau of Statistics data.

ABS data has shown another overall drop in building approvals during February.

Despite the decline in approvals, the ongoing strength in the new home building market has persisted.

The latest ABS data on building approvals has revealed a fall in total dwelling approvals for September, becoming the third-lowest month since June 2012.

Data released by the Australian Bureau of Statistics revealed that the total number of dwellings approved declined in November.

Building approvals in Australia have witnessed a significant drop for the month of April 2023, exceeding economists’ predictions.

Building approvals took another hit in December following two months of gains.

The number of homes approved to be built saw an uptick in the month of May – a good sign for our housing and construction landscape.

The latest ABS data on building approvals has revealed a lift in total dwelling approvals for May following an April decline.

The low rate of building approvals has been influenced by financial challenges facing the building industry, HIA’s senior economist has revealed.

Housing approvals and affordable homes supply shows SA sector strength, the state government has suggested.