A possible upside of dismal building approvals is that it could help stabilise struggling markets by preventing an oversupply of property, particularly apartmen…
Building approvals were down 19.6%year-on-year in May, an improvement on the 24.2% drop in April and slightly better than market forecasts for a fall of 21.5%.
Australian building approvals fell modestly in October, led by the apartment sector.
Approvals for the construction of new homes rose by a seasonally adjusted 3.3 per cent in September, slightly lower than the 3.8 per cent increase the market wa…
Home loan approvals in Australia fell in June for both owner occupiers and housing investors, according to data released by the ABS this morning. The result mis…
Tasmanian councils approved 235 new dwellings in June as the outlook for the building sector continued to firm.
Despite falling prices and slowing auction clearance rates, property developers had a busy June with a surge in both apartment and house building permits.
The number of home loan approvals for owner occupiers increased 1.1 per cent in May, ahead of market expectations of a 2.0 per cent fall.
Foreign investment in Australia's residential property market has plummeted by almost two-thirds as tighter regulations both here and abroad start to bite.