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1.Market Observations, 8.Was Sticky

1 Dec 2016 (AFR) – New house building approvals drop to two-year low as apartments slump

(1 December 2016, AFR, p9, by Michael Bleby)

‘New housing approvals fell to their lowest in two years in October as the number of apartments given the tick by planners slumped. The 16,279 new homes approved last month was 12.6 per cent below September’s figure and the weakest monthly total since the 16,239 in September 2014, seasonally adjusted Australian Bureau of Statistics figures on Wednesday showed. The slump in new apartment approvals suggested developers are…’

Read more (and see the graph of new dwelling approvals over time) at AFR.com (might need AFR login access, or try: AFR.com/trial)

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